Toshiba continues to its efforts to reform its Visual Products business and return to profitability with the decision to end production of LCD TVs at Dalian Toshiba Television Co., Ltd. (DLTV) and close down the China-based plant by end of December this year.
Toshiba says that production of TVs manufactured at DLTV for the Japanese market will be shifted to ODM, and the company will continue to supply TVs to the Chinese market through a partnership with a local manufacturer.
Toshiba plans to optimize a balance between in-house production and production by its original design manufacturer (ODM) partners.
The Japanese company recently announced their transfer of ownership of its Polish TV plant to Compal, and the closure of DLTV is the final phase of restructuring the business.
Toshiba aims to see profit in its Visual Products business in the second half of this fiscal year.
Established in, July 1996, Dalian Toshiba Television Co., Ltd produced medium- and large-screen LCD TVs.