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 and TCL to Set Up Two Home Appliance Joint Ventures
Nov 4, 2004
 Printable format
 Email this Article
 Search

Toshiba Corp. said on it would cooperate with TCL International Holdings Ltd. of China to produce and sell home appliances, becoming the latest Japanese company to tap rapidly expanding demand in the Chinese market.

Toshiba, Japan's second largest electronics conglomerate, said it and TCL, said to be the world's top TV maker, would build a manufacturing plant in the southern province of Guangdong to make refrigerators and washing machines starting in January 2006.

Toshiba and TCL plan to set up two joint ventures, one for manufacturing and the other for sales, investing a total U.S. $50 million, a spokesman at Toshiba's home appliance subsidiary said.

Toshiba will take a stake of about 70 percent in the manufacturing joint venture, while the sales venture will be held 51 percent by TCL, a spokesman at Toshiba's home appliance subsidiary said.

Toshiba's move follows an announcement last month by Matsushita Electric Industrial Co. Ltd., the maker of Panasonic brand products, that it would build a major home appliance manufacturing complex in Zhejiang province in eastern China. (Reuters)

Back to Daily News

 

Daily News

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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