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Skyworth Fully Take Over Toshiba's Indonesian TVs And Washing Machines Business

Jan 15, 2016

Skyworth group, officials announced yesterday, formally reached an agreement with Toshiba to acquire its TJP factories in Indonesia, it is outperformed following the acquisition in September 2014 South Africa famous home appliance brand Sinotec and acquired in June 2015 Germany high end appliance brands Metz after a major overseas development strategy.

Toshiba TJP in Indonesia factory was founded on February 14, 1996, the factory area of 119,000 square metres, is located in the East Jakarta industrial park, employs about 1,300 people. Main business is the production and sales of television sets, washing machines, last year and this year ended March 31, profit about $ 1.418 million, 1.905 million US dollars, respectively, is a processing base for Toshiba in South-East Asia as a whole, the products are mainly exported to ASEAN countries, such as Indonesia, Thailand, and Viet Nam, and Singapore and Malaysia.