U.K.-based Plastic Logic has announced that it has secured some $100 million in funding to build the world's first factory dedicated to manufacturing plastic electronics on a commercial scale. More specifically, the factory's set to produce flexible active matrix display modules, aimed at making various electronic reading devices a little more portable and a little less hard on the eyes. According to the company, the plant will be built in Dresden, Germany, with production set to ramp up sometime in 2008 at an initial capacity of more than a million display modules per year.

[Via Slashdot]