Business Intelliegence on Product Quality, Supply Chain, Outsourcing, Manufacturers, Suppliers, Import/Export and Trading In China

Toshiba To Close Chinese Color TV Factory

Toshiba logo

Toshiba will close its color TV plant in Dalian at the end of December 2013, and its Dalian Toshiba TV Company will terminate operation at the same time.

Founded in July 1996, Toshiba's Dalian color TV factory mainly manufactured LCD TV products to supply the Japanese market. The closing of this factory will lead to the unemployment of about 900 employees.

Toshiba explained on its official website that the company hopes to further cut its fixed costs with the adjustment to the Chinese manufacturing base, aiming to achieve its goal of profitability in the second half of 2013.

Over recent years, Japanese home appliances brands like Toshiba have been facing a tough situation. In the international market, they were pressured by rising Chinese and South Korean home appliances makers; while in their domestic Japanese market, the competition among Japanese brands was also severe.

Though cutting business in the home appliances sector, Toshiba enhanced deployment in other sectors. In August 2013, the company teamed with the world's leading memory card maker SanDisk. With investments of about CNY25.2 billion, the two parties planned to build a cutting-edge semiconductor memory plant in Japan.

Be the first to comment on "Toshiba To Close Chinese Color TV Factory"

Leave a comment

Your email address will not be published.

  Other China News

China's Baidu Is Increasing Its Indian E-commerce Exposure?

Lenovo Reports First Quarterly Losses Over Past Six Years

Fake Goods Kill Chinese E-commerce Hope

NetEase Invests USD25 Million In Finnish Gaming Start-up


U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

Hong Kong Now Requires Ships To Use Cleaner Fuel

Beijing Power Plant Works With American Firm To Reduce Emissions To Close By End Of December

China's Social Consumer Retail Sales Up 11% In October 2015

Wanda Cinema Extends Chinese Influence Overseas

Gome To Acquire 578 Retail Stores From Controlling Shareholder