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Samsung is planning a £2m expansion at its computer monitor and microwave factory near Billingham with the creation of 300 jobs, while its nearby printed circuit boards factory will be converted into a distribution hub for monitors.

Samsung is planning to recruit more staff at its Teesside electronics factories in Wynward and Billingham, to cope with higher production targets being set for this year.

Samsung is launching a recruitment drive to fill 200 new jobs at its three Teesside plants, which make microwave ovens, televisions and computer monitors.

Samsung is to extend its microwave oven factory in Teesside creating a further 35 jobs, and expects total employment at the electronics complex to rise from 800 to 3,000 by 2000.

Six South Korean companies are investing over £15m in setting up UK plants to supply parts to Samsung's electronics plant in the north east, with locations including Cleveland, Durham, Hartlepool and South Yorkshire.

Three South Korean companies - Sung Kwang Electro Mechanics, Fine Electromechanics and Poong Jeon - are to invest in facilties in south Yorkshire to supply parts to Samsung, creating 184 jobs.

Samsung of South Korea is moving its European HQ from Frankfurt to London, creating up to 500 jobs within 4 years.