Global TV shipments fall below 197M units for the first time in 2023
November 29, 2023
TrendForce’s latest research indicates that despite a decrease in the CPI in Europe and the US this year, consumer budgets are still constrained due to the current high-interest-rate environment, and the real estate bubble in China has suppressed TV demand.
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Hisense to sustain growth with production expansion
August 29, 2023
Chinese appliance and electronics manufacturer has revealed its plans to open two new production facilities, new offices, and three new flagship stores across the Levant, GCC and North Africa
Surge in panel prices spurs brands to stock up early
June 27, 2023
TrendForce’s latest forecast predicts global TV shipments for 2Q23 will reach 46.63 million units – a 7.5% increase QoQ, a 2% growth YoY.
Hisense Middle East partners with Condor Electronics to ramp up its presence in MENA
June 21, 2023
Algeria's Condor will purchase machinery and moulds in order to boost the supply of Hisense TVs and home appliances across the Middle East and Africa.
Chinese brands boost global TV shipments to pre-pandemic levels
May 18, 2023
TrendForce investigations show that Chinese brands have pushed global TV shipments in 1Q23 to an impressive 43.37 million units.
Ennostar and PlayNitride join forces to develop micro LED
November 14, 2022
Ennostar’s subsidiary Epistar and PlayNitride’s wholly-owned subsidiary PlayNitride Display have announced that they have teamed up to build a production line for 6-inch Micro LED epi-wafers.
Hisense will build a new refrigerator factory in Serbia
July 25, 2022
Hisense ahs announced that the company will invest over EUR 40 million in a new factory for the production of Hisense, Gorenje and Asko refrigerators in Valjevo, Serbia.
QLED/OLED TV shipment projected to break records this year
June 30, 2021
Continued price hikes of TV panels, as well as a simultaneous shortage and price hike of semiconductor components required for manufacturing TV sets have forced TV brands in 2021 to reduce the shipment of their mid- and small-sized TVs in favor of the more profitable large-sized, mid- to high-end TVs instead, according to TrendForce.
Hisense intends to significantly increase TV production in Velenje
May 25, 2021
TV production at the Hisense Europe Electronics factory in Velenje, Slovenia was launched at the beginning of the year, and today the facility employs more than 750 employees
Mini LED chip revenue likely to reach USD 270M in 2021
January 25, 2021
As various TV manufacturers such as Samsung, LG, and TCL announced their new models equipped with Mini LED backlights at CES 2021, TrendForce's investigations shows that total Mini LED chip revenue from Mini LED backlight TVs to potentially reach USD 270 million in 2021, as manufacturers gradually overcome technological bottlenecks and lower their overall manufacturing costs.
Increased workforce at Hisense Europe Electronic TV set factory
January 08, 2021
In the Gorenje area in Velenje, the gradual start of TV sets production will begin this week, and regular operation is set to start next week. The factory already boast more than 350 employees, but by the end of January the number of employees is set to have increased to 520.
Hisense Gorenje to start European production of TVs in January
October 21, 2020
As we move into the next year, Hisense owned Gorenje Group will start production of TV sets for the European market at its plant in Velenje, Slovenia, as part of the new Hisense Europe Electronic company.
Strong demand in 3Q20 results in highest single-quarter global TV shipments
October 08, 2020
Owing to a 20% increase in TV demand in North America, as well as the fact that TV brands had deferred their shipment schedules in 1H20 due to the COVID-19 pandemic, the effects of the third-quarter cyclical upturn were further compounded in 3Q20, according to TrendForce’s latest investigations.
Hisense's Velenje factory starts production in January 2021
June 16, 2020
The management of Hisense Group has confirmed the decision to establish a new TV set factory in Velenje.
Gorenje reduces the number of layoffs
May 22, 2020
At the end of April, due to a sharp drop in orders and revenues as a result of the COVID-19 pandemic, the Hisense Europe Group launched a redundancy program in four companies in Slovenia.
Gorenje forced to reduce its workforce due to impact of COVID-19
April 28, 2020
Hisense Europe Group (Gorenje) says that the financial impact of the COVID-19 pandemic has forced the company cut the number of employees.
Hisense Gorenje extends production shutdown
April 06, 2020
Hisense Gorenje says that it is extending its production shutdown at all its factories in Europe for another week.
Hisense Gorenje stops production at its European factories
March 23, 2020
The management of, Hisense Gorenje, has decided, considering the growing coronavirus epidemics across Europe, to shut down the production in all its European factories.
Impending tariffs cast a shadow on TV market development
June 04, 2019
As worries spring up in the market about whether the 25% tariff arising from the US-China trade war would impact TV markets, US President Trump has further announced on May 30 that he plans to levy a 5% tariff on Mexico's imports to the US on June 10 due to illegal immigrant issues.
Hisense to expand Gorenje's manufacturing operations
March 20, 2019
In addition to a new plant in Velenje, Hisense is also planning to expand Gorenje's manufacturing operations in Valjevo, Serbia.
Successful takeover: Hisense will own 95 percent of Gorenje
June 29, 2018
In May, the Asian Group Hisense came with a bid of EUR 12 per share, subject to its acquisition of 50 percent + 1 share of Gorenje's shares. Now the bid has been successful.
KAD sells Gorenje-shares to Hisense
June 28, 2018
On June 26, 2018, Kapitalska družba, d. d. (KAD) notified Gorenje, d. d. that it has accepted the takeover offer by Hisense Luxembourg Holding and will therefore "dispose all of its shares in Gorenje, d. d.".
Panasonic sells its entire holding in Gorenje
June 12, 2018
On June 8, 2018, Gorenje d.d. received a notification that Panasonic Corporation had accepted the takeover offer by the company Hisense Luxembourg Holding.
Hisense launches takeover bid for Gorenje
June 05, 2018
Late last year Gorenje disclosed that it was on an active search of a suitable strategic partner who would back the group in its long-term growth and development. And in early May 2018, it was made public that the company had selected Hisense as a strategic partner.
Gorenje chooses Hisense as the best bidder
May 11, 2018
On 8 May 2018, household appliance manufacturer Gorenje, received three binding offers from interested strategic partners from Asia and on 9 May 2018, the two best bidders requested to improve their offers.
Toshiba completes sale of TVS
March 05, 2018
Toshiba Corporation has completed the transfer of 95% of the outstanding shares its Toshiba Visual Solutions Corporation (TVS) subsidiary, to China’s Hisense Group.
Toshiba transfers 95% of TV unit to Hisense
November 16, 2017
Toshiba Corp will transfer 95 percent of the outstanding shares of Toshiba Visual Solutions Corporation (TVS) to Hisense Electric Co., Ltd. (Hisense), a publicly listed subsidiary of Hisense Group.
1Q Global LCD TV shipments to grop by 31% QoQ
May 18, 2017
Shipments of LCD TV sets for the first quarter of 2017 came to 44.05 million units, a decrease of 31 percent from the prior quarter and a year-on-year decline of 8.4 percent.
Hisense narrowly beat TCL to take third spot in ranking
February 03, 2017
Global shipments of LCD TV sets for 2016 increased 1.6 percent annually to reach 219.2 million units, according to WitsView, a division of TrendForce.
Sharp restructures its North American LCD business
August 03, 2015
Since entering the North American LCD television market in 2001. In recent years, however, Sharp has not been able to fully adapt to the intensifying market competition, which led to significantly lower profits compared to the initial projections for the previous fiscal year.
Home appliances market consolidation continues
August 28, 2014
Key players in the global home appliances market are looking to increase their market share via acquisitions and other moves in order to take advantage of ongoing strong expansion in the trade.
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