Toshiba Corporation announced that it will close its LCD TV manufacturing plant in Dalian, China by the end of the year.

For more information visit: www.toshiba.com

Unedited press release follows:

Toshiba to End LCD TV Manufacturing at Plant in China

29 Nov, 2013 – TOKYO – Toshiba Corporation (TOKYO:6502) today announced that it will end production of LCD TVs at Dalian Toshiba Television Co., Ltd. (DLTV) and close down the plant by end of December this year. The decision was taken as part of Toshiba’s measures to reform and return to profit its Visual Products business. Going forward, the company will optimize a balance between in-house production and production by original design manufacturer (ODM) partners, as a means to cut fixed costs and enhance operational efficiency.

Production of TVs manufactured at DLTV for the Japanese market will be shifted to ODM, and Toshiba will continue to supply TVs to the Chinese market through a partnership with a local manufacturer.

Toshiba is reforming its LCD TV business by promoting a facility-light strategy as a means to improve profitability. The company recently announced their transfer of ownership of its Polish TV plant to Compal, and the closure of DLTV is the final phase of restructuring the business. Toshiba aims to see profit in its Visual Products business in the second half of this fiscal year.

Outline of DLTV

Company name: Dalian Toshiba Television Co., Ltd

Established: July 1996

Location: No.8 An Shan Street, Dalian Economic & Technical Development Zone, Dalian, The People’s Republic of China

Representative: Atsushi Shibata

Number of Employees: Approximately 900

Business: Production of medium- and large-screen LCD TVs