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Sunday, 22 May 2016

Chinese manufacturer TCL to set up LCD TV factory in Egypt

Chinese LCD TV manufacturer TCL announced plans to set up a TV factory in Egypt in cooperation with Elaraby Group. “The joint factory will complete the first phase investment of [USD 2.4 mn] and go into operation in 2017, and the annual output will amount to [2 mn] sets over the coming five years,” TCL said. TCL will provide 30% of the investment and ELARABY provide the remainder. "The Egypt-based joint LCD TV factory will supply the African and Middle East markets and get stable orders for TCL with the help of Elaraby’s well-developed sales network," said Liang Tiemin, general manager of TCL’s strategic clients business center.

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