Toshiba quits China LCD production

Japanese electronics giant is closing its Chinese LCD TV production factory at Dalian Toshiba.

“Going forward, [Toshiba] would optimise a balance between in-house production and production by original design manufacturer (ODM) partners, as a means to cut fixed costs and enhance operational efficiency,” said the company in a formal announcement to the Tokyo stock exchange.

Production of TVs manufactured at DLTV for the Japanese market will be shifted to ODM, and Toshiba will continue to supply TVs to the Chinese market through a partnership with a local manufacturer.

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