UPDATE: LG Electronics To Invest $70M To Boost Appliance Production In Poland290 words30 August 201023:13Dow Jones International NewsDJIEnglish(c) 2010 Dow Jones & Company, Inc.(Adds detail from statement) By Jung-Ah Lee OF DOW JONES NEWSWIRES SEOUL (Dow Jones)--South Korea's LG Electronics Inc. (066570.SE) Tuesday said it will invest$70 million by2015 to expand its appliance production facilities in Wroclaw, Poland to lower costs andincrease its marketpresence in Europe.LG, South Korea's second-largest electronics maker by revenue after Samsung Electronics Co., said it will increasethe productions of washing machines andrefrigerators in Poland. Its Wroclaw plant will produce 700,000 units ofwashing machines annually.Starting in 2012, the Polish plant's output of refrigerators will also expand to 1.4 million units from the current300,000 units, LG said in a statement."Given that demand in Europe often has to be met with machines manufactured in China or South Korea, LGexpects the increased capacity
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