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TCL Implements Worldwide Transformation of TV Operations.
(From SinoCast China IT Watch)
BEIJING, February 14, SinoCast -- TCL, China's biggest publicly traded consumer electronics maker, is said to sell its TV plant in Poland, as well as to cut CRT TV productions of its plants in Mexico and Thailand, revealing a worldwide transformation of the company's TV operations.
TCL at the end of last year announced its plans to shrink operations in Europe, targeting mainly at its loss-making TV business in Poland, established after buying the TV unit from France-based Thomson SA in 2004.
The Poland plant is likely to be sold to Taiwan-based TPV Technology Limited (SEHK: 0903), a world-leading display manufacturer, …
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