Menu
Sony to end TV manufacturing in Europe

Sony to end TV manufacturing in Europe

The sale of its Spanish factory increases Sony's reliance on outsourcing

Sony plans to end manufacturing of televisions in Europe this year and will sell its TV manufacturing plant in Spain to two local companies, it said Tuesday. The move, which is part of Sony's ongoing restructuring, will increase the company's reliance on outsourcing companies and it part of a plan to return its core TV operations to profitability.

The deal will see Sony's Barcelona Technology Center split into two companies, one focused on manufacturing and the other on development and engineering. Ficosa International will own the former company and half of the latter company. The remaining 50 percent share of the latter will be owned by COMSA EMTE.

Sony said the sale is expected to be completed by December this year. It didn't provide financial details.

For two years after the sale, Sony will outsource LCD TV production to the manufacturing company and both companies will work with Sony on developing new business, it said in a statement.

The sale follows a earlier deals with Hon Hai Precision Industry that saw the Taiwanese company take over Sony TV plants in Mexico and Slovakia.

Sony launched a wide-ranging restructuring effort last year that has seen it dispose of several divisions and factories. In December 2008 the company owned 58 factories around the world and the restructuring had originally pegged the closure of seven plants, but Sony has been much more aggressive. By the end of this year it expects to be operating 43 factories worldwide.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags business issuesFicosa InternationalCOMSA EMTEconsumer electronicshome entertainmentsonyrestructuring

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments