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

TCL to Produce 20 Million Cell Phones in 2004
Oct 12, 2004
 Printable format
 Email this Article
 Search

Chinese electronics giant TCL Corp aims to increase production to 20 million mobile handsets this year, including output from a venture with French telecoms gear maker Alcatel, the company said.

TCL Chairman Li Dongsheng said the firm made about 10 million handsets last year, but he expected the joint venture with Alcatel to boost demand from international markets and, subsequently, production.

"We expect our production to reach 20 million units and hope it could reach 50 million units in the long term," Li told reporters on the sidelines of a ceremony marking the establishment of the Sino-French venture.

TCL Communication Technology Holdings, the mobile phone-making unit of TCL Corp., will take an initial 55-percent stake under the joint venture deal signed earlier this year. TCL is to contribute 55 million euros (approx. U.S. $67.7 million) to the venture.

Alcatel will have 45 percent after contributing 45 million euros, including its mobile handset business in China.

The venture paves the way for Alcatel's eventual withdrawal from the money-losing handset business, while it marks another step by TCL towards its goal of becoming a global player by giving it access to Alcatel's technology and to markets in Latin America, Africa, and Europe.

Huizhou, Guangdong-based TCL is one of several home-grown firms, including appliance producer and cell phone maker Ningbo Bird, that have global ambitions.

TCL controls about 12 percent of the Chinese handset market -- the world's largest -- and gets access to GSM standard wireless technology, the dominant system around the world, without having to sacrifice margins by buying it.

TCL has been steadily gaining market share from foreign rivals such as Motorola Inc., Nokia, and Siemens AG. Analysts have warned that cut-throat competition in China's cell phone market could trim earnings growth for the company. (Reuters)

Back to Daily News

 

Daily News

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

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

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

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