Marbridge Daily

<- May 12, 2010 ->

TCL Targets 30 Mln TV Sets Sold in 2010

Information Times, 5/12/10

At a recent shareholder meeting for TCL Multimedia (1070.HK) and TCL Communication Technology (2618.HK), TCL Corporation (000100.SZ) chairman Li Dongsheng said that the Chinese electronics manufacturer will maintain a sales target of 30 mln televisions this year.

Li revealed that TCL and the Shenzhen municipal government will jointly invest a total of RMB 24.5 bln in an LCD panel plant in Shenzhen that will begin test production in Q4 of next year and full production in late 2012; the productivity boost from the new plant should become gradually apparent for TCL Multimedia over the next three to five years.

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