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 newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuessonyconsumer electronicsrestructuringhome entertainmentFicosa InternationalCOMSA EMTE

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

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?