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Electronics Production | November 03, 2006

TCL leaves Europe

TCL is about to turn off its TV business in Europe.
Chinese consumer electronics company TCL Group will exit the European TV market, hoping to end the loss making operations in this region. TCL said the multimedia division responsible for TV sales in Europe had a total lost of 203 million euros.

The restructuring program that follows this decision is expected to reach costs of 45 million euros.

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