Toshiba to buy 20% of LG.Philips LCD Poland unit to meet demand

Food

Toshiba Corp. said it plans to buy about 20% of LG.Philips LCD Co.'s liquid-crystal display unit in Poland to secure a supply of television panels. Toshiba will invest about ¥5 billion ($42 million) in the Polish subsidiary, the Tokyo-based company said in a release today. The company said it will use the panels to make TVs measuring 40 inches or more diagonally. Toshiba, Hitachi Ltd. and Sony Corp. are expanding television production in Europe to meet demand as consumers choose flat-panel screens to replace conventional bulkier models. Toshiba last month said it will spend about ¥6 billion to build an LCD television factory in Poland by August 2007 and aims to triple its annual European LCD TV production to 3 million units in the year ending March 2010. Hitachi, Japan's second-biggest plasma television maker, earlier this month said it will spend about ¥8 billion to build a flat-panel television factory in the Czech Republic. Sony will spend ¥11 billion to build a plant in Slovakia by September 2007, the company said in September. (Bloomberg)

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.