Withdrawal from China's consumer products market, Toshiba lighting technology subsidiary sold Konka

Global news according to the "Japanese economic news" reported on February 29th, Toshiba lighting technology company announced in February 26th that the plan will be in the manufacture and sale of Chinese bulb and lighting equipment subsidiary to sell Chinese appliance manufacturers Konka group. Sales are estimated to reach more than one billion yen. Will withdraw from China's consumer product market, to provide Toshiba Konka brand. Focusing on the operation of domestic enterprises in the lighting business. Including smaller businesses, will be able to push forward the structural reform, accelerate the recovery of the profitability of the group.

In addition to the 2 companies in Fujian and Hongkong in Fuzhou, Toshiba lighting technology is located in Jiangsu, a subsidiary of the company's part of the business will also be sold in April 1st to Konka's company. Total about 1000 plant employees will be transferred to konka. In Kunshan, the production and sales of commercial lighting, such as vehicle lighting involved in the Department will continue to be retained by the subsidiary of Kunshan. About 300 employees of the Department will also remain in Toshiba lighting technology.

At present, the 3 companies will be most of the products exported to Japan, the future will be through the Toshiba lighting technology in Japan and the use of external OEM to replace. To improve the competitiveness of the company by moving to a location close to the consumer to improve the system based on supply and demand.

Toshiba lighting technology in 2015 4-12 month sales of 143 billion 600 million yen. China's consumer business sales are believed to reach hundreds of millions of yen throughout the year. The loss caused by the structural reform of the lighting business has been reflected in the performance forecast.

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