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Toshiba considers ending Vietnam LCD TV production
Toshiba Corp., the money-losing company whose businesses range from chip-making and consumer electronics to nuclear plants, said it’s considering ending liquid-crystal-display TV manufacturing in Vietnam to cut costs.
“We’re considering shutting our LCD TV manufacturing operation in Vietnam, but we’ve made no decision,” said Toshiba spokeswoman Yuko Sugahara, after Bisnis Indonesia reported the company would relocate LCD TV production to Indonesia because of tighter government regulations in Vietnam.
A target to save 420 billion yen (US$4.6 billion) this fiscal year is helping Toshiba recover from a record loss the preceding year. The Tokyo-based company last week maintained its forecast for a loss of 50 billion yen in the 12 months ending March 31.
Toshiba, which makes TVs at its Ho Chi Minh City factory, may procure televisions from other group units and keep the plant’s sales and marketing functions, Sugahara said. Toshiba doesn’t disclose the number of people employed at its Vietnam plant, she said.
Separately, the Nikkei newspaper said Wednesday Toshiba plans to close a domestic flash-memory chip assembly factory. Hiroki Yamazaki, a spokesman at Toshiba, Japan’s biggest maker of memory chips, declined to comment on the report.
thyanhnien, Bloomberg
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