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

Toshiba, Wuxi Little Swan in China Washing Machine Joint Venture
Dec 26, 2002
 Printable format
 Email this Article
 Search

Toshiba Corp. said on Thursday that it will set up a joint venture with Chinese white goods maker Wuxi Little Swan Co. to market washing machines in China.

The move is said to mark Toshiba's first manufacturing of white goods in China, where the company claims that demand for such products is rapidly increasing.

The washing machines will be developed and designed in Japan and manufactured in China by Toshiba Washing Machine (Wuxi) Co., Ltd., a joint venture between Toshiba and Wuxi Little Swan. Following formal signing of the agreement between the two partners today in Wuxi Jiangsu, China, the new joint venture will be incorporated in January 2003. It will undertake the manufacture, sales, and after-sales service of washing machines and clothes dryers, their main parts, and accessories.

Toshiba Washing Machine (Wuxi) Co., Ltd. will have complete access to Toshiba's technological and manufacturing capabilities and bring them to products targeting mid- to high-income consumers, Toshiba said.

Department stores and other outlets in China's coastal fringe will provide the main sales channel, and the company anticipates sales of 100,000 units in the first year of operation, rising to 700,000 units in 2005.

Back to Daily News

 

Daily News

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

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows