Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG.Philips LCD Forms Alliance With Toshiba
Oct 13, 2006
 Printable format
 Email this Article
 Search

LG.Philips LCD, a leading manufacturer of thin-film transistor liquid crystal display (TFT-LCD) technology, announced that it has forged a strategic alliance with Toshiba Corporation (TSE: 6502) to jointly develop their positions in the growing European LCD TV market which is emerging as one of the world’s largest markets for LCD TVs.

Under the terms of the agreement, Toshiba will take a 19.9 percent equity participation in LG.Philips LCD’s subsidiary in Poland currently under construction in Wroclaw, Poland. In addition to this direct investment, the new partnership will allow both companies to work closely together on better aligning new product development and manufacturing goals. Establishing better global customer alignment is one of the stated goals of LG.Philips LCD. Toshiba will also benefit from this relationship by securing a steady supply of LCD panels from this plant.

Construction of LG.Philips LCD’s LCD module plant in Wroclaw, Poland, began on June 14, 2006. A module line with annual production capacity of 3 million units is scheduled to be complete by the first quarter of 2007.

According to DisplaySearch, Europe accounted for 41 percent of the global LCD TV market in 2005 and the European LCD TV market is expected to grow at a CAGR of 35.4 percent from 2005 and expand more than three-fold by 2009.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows