The domestically-listed Sichuan Changhong Electric Co., Ltd., a
leading TV manufacturer in China, started a production facility in
Czech Wednesday, company sources confirmed on Thursday.
The project is the first overseas production base wholly owned
by a Chinese home electrical appliance enterprise.
The project cost US$10 million, involving a total workshop space
of 10,000 square meters and a designed annual production capacity
of one million sets. Most of the products will be flat-panel and
high-definition TV sets.
The company sources revealed when conditions are ready, the
project would be expanded to produce air conditioners,
refrigerators, cell phones and set-top boxes, so as to localize all
Changhong products in Europe.
Changhong has launched production projects in Indonesia,
Australia, Czech and the Republic of Korea, and business outlets in
more than one dozen countries and regions, including the United
States, France and Russia.
Changhong is striving to make overseas sales account for 30-50
percent of its total sales income by 2010.
(Xinhua News Agency March 29, 2007)