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.

Join the PC World newsletter!

Error: Please check your email address.

Tags business issuesFicosa InternationalCOMSA EMTEconsumer electronicshome entertainmentsonyrestructuring

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?