10.11.2006 12:00 AM
Europe: Toshiba Invests in LG. Philips' Poland LCD Plant
Toshiba plans to invest $46 million in a new LG. Philips LCD flatscreen plant in Poland to meet what the firms say is the "booming TV demand" for flatscreens in Europe, with most of the new units expected to be HD-worthy.

This latest deal will help ensure that Toshiba maintains a consistent supply of panels from LG. Philips, the top manufacturer globally of LCD panels, according to Reuters.

Toshiba, currently ranked seventh in the LCD market, will take a 20 percent stake in the new Poland operation, and hopes to triple its European LCD TV sales to 3 million units annually, starting by the spring of 2009. Panels from LG. Philips would be supplied to a Toshiba assembly plant in Wroclaw, Poland, which is scheduled to begin operations next August.

Meanwhile, Samsung and Sony, the current leaders in the LCD TV market, said a few months ago the firms would invest about $2 billion in an expansion plan for its own joint operation.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

D. Pagan Communications /   Friday 10:35 AM
Blue Line is Hot on the Trail of DPA Microphones
Clyne Media, Inc /   Thursday 09:51 PM
Focusrite Expands RedNet Range

Featured Articles
Discover TV Technology