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

Thomson Signs Strategic Partnership with TCL
Nov 3, 2003
 Printable format
 Email this Article
 Search

Thomson, the French electronics company, has signed an agreement with TCL International Holdings Limited, a leading Chinese multimedia consumer electronic products company, to form TCL-Thomson Electronics, a new company for the development, manufacturing, and distribution of television sets and DVD players.
Thomson announced in 2003 a strategy of partnership for the "Mainstream" part of its Consumer Products Division, covering the Group's TV and home video player activities. The goal was to secure a strong and profitable future for its consumer electronics assets. Thompson said the agreement with TCL achieves this strategic goal. Completion of the partnership is also expected to yield positive financial benefits for Thomson and change the Group's financial profile.
The agreement envisages that Thomson and TCL combine their TV and DVD businesses and assets to form a new company, TCL-Thomson Electronics. Thomson would contribute all its television manufacturing plants and businesses in Mexico, Poland, and Thailand, all the DVD player business, and all television and DVD player R&D centers worldwide. Thomson would hold a 33-percent share in the new company. Final closure of the agreement is expected mid-2004.
Separate from the TCL partnership, Thomson said it intends to take advantage of its increasing presence in China to expand opportunities from the fast-growing Chinese market for its Components, Licensing and Content & Network Divisions.

Back to Daily News

 

Daily News

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

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows