Sharp Electronics Europe to Double Turnover Mar 18, 2005

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Sharp Electronics Europe CEO Hans Kleis says he wants to double the turnover of the Japanese technology group in Europe by the end of fiscal year 2007 by focusing on the three strategic divisions of LCD TV, Document Solutions, and Solar.

Besides further developing its existing key markets, Sharp said it will invest in Eastern Europe, where the demand for high-tech products is growing steadily. In addition to Russia, Mr. Kleis mentioned the new EU member states, where Sharp's sales structure will be strengthened as a first step.

While Sharp has been a market leader for LCD TVs and photovoltaic modules, the Japanese technology group has been one of several big players in the Document Solutions market, without holding the number one position. Sharp said it wants to "massively increase" its current share in the European market, according to Mr. Kleis.

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