Changhong Electric

Type
Business expansion
Country
Czechia
Region
Česko;
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
300 jobs
Number of planned job creations
Job creation
Announcement Date
29 March 2006
Employment effect (start)
Foreseen end date
31 December 2006

Description

Changhong Electronics, one of the biggest producers of TVs in China, will invest 30 million USD to set up a TV production base in the Czech Republic. The new TV assembly plant named Changhong Europe Electric is to be built in Nymburk during 2006 and will produce over one million plasma-screen TV sets a year. The business expansion will bring about 300 new employment opportunities.

Sources

  • 29 March 2006: Hospodárske noviny

Citation

Eurofound (2006), Changhong Electric, Business expansion in Czechia, factsheet number 63242, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63242.