Chinese Changhong opens TV sets assembly plant, to employ 100 people by end-year.
Chinese Changhong opens TV sets assembly plant, to employ 100 people by end-year. Chinese company Changhong Europe Electric opened the first assembly hall in a plant in Nymburk, central Bohemia , where it will produce TV sets, CTK reported quoting Changhong’s foreign division head Yorkson Wang. By end-2006 the plant is expected to employ 100 people, while by end-2007 its workforce is to reach 300 people. The plant’s five assembly lines, which is the first Chinese greenfield investment in the Czech Republic , will produce LCD, plasma and CRT sets. Cooperation for the plant construction was provided by Torpera Limited, a unit of Czech financial group PPF, and China ’s Sichuan Changhong Electric. In Nymburk Changhong, which global turnover amounted to USD 2.2bn in 2005 and which employs over 30,000 people, also plans to build other production halls to produce other types of consumer electronics.