Toshiba to shutter its overseas TV business

Toshiba logoToshiba plans to sell off its Indonesian television factory, as the company's TV business reamains unprofitable.

The Japanese company is in final negotiations with electronics makers in Taiwan, China and elsewhere to sell subsidiary Toshiba Consumer Products Indonesia's TV plant in the country, Nikkei reports.

Toshiba to shutter its overseas TV business

Toshiba would continue to meet Southeast Asian demand by licensing its name for use on other manufacturers' products. The company has already sold a TV plant in Poland to Taiwanese contract manufacturer Compal Electronics.

Toshiba also intends to quit TV production in Egypt, the report claims.

The company has been shrinking its loss-making TV business for several years. The replacement of overseas production and development with brand licensing has thus been in the works for some time.

Officially, Toshiba provided the following comment:

"The company is promoting fundamental structural reforms of businesses facing operating challenges, and toward this all possible measures are under review, without limitation. Measures under consideration for the Lifestyle business, including the TV business, include securing further improvements in business efficiencies and business restructuring with other companies. However, nothing has been decided at present, and no concrete agreements have been made with specific companies."

Source: CDRinfo

Tags: Toshiba, TVs

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)