Compal said to be interested in Toshiba’s Indonesia TV facility

1 Apr

Japanese TV brand Toshiba announced earlier this year to cease TV designing and production in its overseas facilities. In North America, Toshiba ceased TV R&D and sales business from March this year and licensed its TV business to Taiwanese contract laptop maker Compal Electronics Inc. Toshiba is recently rumored to further reduce the size of its TV business and is reportedly considering selling its Indonesia TV facility and a joint TV operation in Egypt.

Japan’s Nikkei reported March 30 that Toshiba has come into contact with Taiwanese companies including Compal, Wistron, Innolux and AUO with regards to the possible sale of its facility in Indonesia. The report said that Toshiba plans to conclude negotiations by April, and the estimated value of the sale is believed to be several billion Japanese yen. The report named Compal the most potential buyer, as Compal has already acquired Toshiba’s LCD TV facility in Poland and obtained Toshiba’s license to operate in North America.

Toshiba’s Indonesia plant is known to mass produce TVs since 1996, and mainly serves the Japanese and Southeast Asian markets.