Electronics News
- TCL suspends expansion plan in Thailand
Date: 30-Mar-2007 Sources: (Shenzhen Daily)
TCL Corp. has suspended a plan to produce more electronic appliances at its Thai plant this year due to political and economic uncertainties, the Bangkok Post reported Thursday, citing an executive from TCL's Thai unit.
Shenzhen-listed TCL announced in late 2005 a multi-billion-baht plan to produce white goods including washing machines and air conditioners at its Thai unit, according to the paper. 'But for now, we have to postpone our investment to reduce business risk. If the situation improves, we'll reconsider the plan, perhaps in the second half of this year or next year,'said Metha Rojanachaichanint, marketing manager of TCL Electronics (Thailand) Co.
Sponsor Results:
