V/T
Agreement
28th June 2005, a major step for Thomson Displays
Thomson announced on 28th June that a definitive agreement
has been reached for the sale of its Displays activities
in China, Mexico and Poland to Videocon, India’s
leading manufacturer of consumer electronics and white
goods.
This agreement is the successful achievement of our
partnership strategy, realized ahead of the initial
schedule and under expected terms and conditions.
Long standing relationships
with the Videocon Group
2-Way Commercial Links
- Thomson has been supplying tubes to Videocon for the
last 15 years, originally from our European based factories,
and starting last year from our Asian plants.
- Thomson has been purchasing glass from Videocon’s
glass plants since last year.
Equipment Sale
- In January 2004 Thomson sold 2 manufacturing lines
from Circleville to Videocon. Those lines were removed
by June 2004 and have been installed in India (Bharuch
plant).
- In October 2004, Thomson sold the remaining 4
manufacturing lines in Circleville and all supporting
equipment.
- This equipment is being currently transferred to Videocon’s
Aurangabad plant in India.
- Total glass capacity transferred to Videocon equals
6/7 m pieces Panels and 6/7 m pieces in Funnels.
Technology Tie-up
- In December 2004, Thomson signed a technology support
agreement with Videocon to provide them with our expertise
in glass technology over a 3 year period.
Anagni
- On January 26th, 2005, Thomson Displays transferred the Anagni plant to Videocon, the leading Indian TV maker.
- The Closing occurred on Feb 28th.
- Videocon’s strategic plan for Anagni involves the progressive stoppage of CRT manufacturing and the rapid development of new activities centred around flat panel displays, notably plasma panel production (due to start production in March 2006) and CRT and FPD TV assembly (start of production in Q4 2005) but also air conditioning activities.
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