Toshiba Strengthens TV Business in Europe Through Tie-up with LG.Philips LCD Subsidiary.Tokyo, Japan, Oct 10, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Toshiba today announced that it would make an equity investment in LG.Philips LCD LG.Philips LCD (hangul:엘지필립스엘씨디, LG필립스LCD) was formed as a joint venture by the Korean electronics company LG Electronics and the Dutch company Koninklijke Philips Electronics in 1999 to manufacture active Poland Sp. zo. o (LPLWR), a Polish subsidiary of LG.Philips LCD (LPL LPL - List Programming Language. LISP-like language with ALGOL-like syntax, for IBM 360. "LPL - LISP Programming Language", F.W. Blair et al, RC 3062, IBM TJWRC, Sep 1970. ), a leading manufacturer of LCD panels. Toshiba will invest approximately 5.5 billion yen in LPLWR, giving it a stake approaching 20% of its equity. Toshiba is reinforcing its European TV operations with Toshiba Television Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. Sp. zo. o. (TTCE TTCE Trade Team Canada Environment TTCE Transportation Terminal Command Europe TTCE Transportation Terminal Center, Europe ), a new LCD TV production and sales company in Kobierzyce, near Wroclaw in southwest Poland. TTCE was established in September 2006 and will begin operation in August 2007 on a site adjacent to LPLWR. Toshiba's investment in LPLWR will allow the company to secure long-term, stable procurement of LCD panels at competitive prices and with efficient supply logistics. Demand for LCD TV is growing fast in Europe, and Toshiba targets total European production of some three million units by fiscal year 2009 at two manufacturing sites, TTCE and Toshiba Information Systems (UK) Ltd. in the UK. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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