International. After obtaining losses of 448 million euros during the past year in the television business, the company Toshiba presented an ambitious plan for the coming years, which contemplates suppressing the production of this equipment in the plant located in Japan.
The adverse results of 2011 are due, as explained by the company, to the revaluationist trend of the Yen, which decreases its ability to maneuver abroad, as well as the positioning of brands such as LG and Samsung, which make direct competition in the line of televisions.
Other factors that affected the result were last year's earthquake in that Asian country, floods in Thailand and economic turbulence in Europe and the United States.
But Toshiba will not abandon the production of televisions with the closure of the plant in Japan, which had been operating since 1965, as it will continue to manufacture them in plants in Poland, China, Egypt and Indonesia. At the Japan headquarters, the company will continue to offer other services.
These results continue the trend announced by other Asian TV manufacturers such as Panasonic, Sony and Sharp, which even changed their presidents earlier this year.
