Japan's Toshiba Corp. is paying about $46-million (U.S.) for nearly 20 per cent of the Polish television panel making subsidiary of LG.Philips LCD Co. Ltd., forging a partnership with a rival to strengthen its European TV manufacturing business. Toshiba's announcement yesterday comes in the wake of its establishment last month of a liquid-crystal display TV production and sales company in Kobierzyce, near Wroclaw in southwestern Poland, where production is set to start next August.
Toshiba's investment in LG.Philips LCD Poland will allow it to secure a stable supply of LCD panels efficiently at competitive prices, the company's statement said.
Read more: http://www.theglobeandmail.com/news/technology/toshiba-links-with-s-korean-rival-lgphilips/article849400/
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