Toshiba Corporation Ownership of Toshiba Television Central Europe (5195R)
October 28 2013 - 5:14AM
UK Regulatory
TIDMTOS
RNS Number : 5195R
Toshiba Corporation
28 October 2013
This is the translation of an announcement submitted to the
Tokyo Stock Exchange.
October 28, 2013
Representative: Hisao Tanaka
President & CEO, Toshiba Corporation
1-1-1 Shibaura, Minato-ku, Tokyo, Japan
Contact: Naoto Hasegawa, General Manager
Public Relations & Investor Relations Office
Tel: 81 3 3457 2096
Change in Ownership of Toshiba Television Central Europe
This is to give notice, as per the attachment, Toshiba
Corporation (TOKYO:6502) today announced that it has concluded a
definitive agreement to transfer ownership of Toshiba Television
Central Europe Sp. zoo. , an LCD TV manufacturing company in Poland
that supplies products to the European market, to Compal
Electronics, Inc. of Taiwan.
Toshiba does not plan to revise projections for fiscal 2013
business performance due to this matter.
October 28, 2013
Change in Ownership of Toshiba Television Central Europe
-Toshiba to reorganaize LCD TV Supply Structure in Europe -
TOKYO - Toshiba Corporation (TOKYO:6502) today announced that it
has concluded a definitive agreement to transfer ownership of
Toshiba Television Central Europe Sp. z o.o. (TTCE), an LCD TV
manufacturing company in Poland that supplies products to the
European market, to Compal Electronics, Inc. of Taiwan (Compal).
The target for finalization of the transfer is the fourth quarter
of FY2013, following completion of necessary anti-trust clearance
procedures.
After the transfer of ownership to Compal, Toshiba will continue
to supply the European market with LCD TVs manufactured at the
plant, through an original design manufacturer (ODM) partnership
with Compal.
Compal has long been one of Toshiba's ODM partners in LCD TVs,
and through the synergy of Compal's cost-competitive production
expertise and Toshiba's capabilities in developing differentiated
products, Toshiba aims to further increase its competitiveness in
Europe.
Toshiba will continue to promote reforms of its business
processes and operations, aiming to see profit in its visual
products business in the second half of this fiscal year
Outline of TTCE
Company name: Toshiba Television Central Europe Sp. z o.o.
Established: September 2006
Location: Kobierzyce, Poland
Representative: Yasuhide Ozo
Number of Employees: Approximately 700
Business: Production of medium- and large-screen LCD TVs
About Toshiba
Toshiba is a world-leading diversified manufacturer, solutions
provider and marketer of advanced electronic and electrical
products and systems. Toshiba Group brings innovation and
imagination to a wide range of businesses: digital products,
including LCD TVs, notebook PCs, retail solutions and MFPs;
electronic devices, including semiconductors, storage products and
materials; industrial and social infrastructure systems, including
power generation systems, smart community solutions, medical
systems and escalators & elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network
of more than 590 consolidated companies, with 206,000 employees
worldwide and annual sales surpassing 5.8 trillion yen (US$61
billion). Visit Toshiba's web site at
www.toshiba.co.jp/index.htm
# # #
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEANEPAFFDFEF
Toshiba (LSE:TOS)
Historical Stock Chart
From Apr 2024 to May 2024
Toshiba (LSE:TOS)
Historical Stock Chart
From May 2023 to May 2024
