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FINANCIAL NEWS
Toshiba to invest $59m in Egypt plant
19 Dec 2010
(MENAFN) Japan’s Toshiba Corp said that it would spend about $59 million on setting up a liquid-crystal display TV plant in Egypt as a joint venture with El Araby, Reuters reported.
The plant is expected to start production in March 2011, with an initial annual capacity of 600,000 units, rising to two million units in 2013, the company said in a news release.
Toshiba Corporation is a Japanese multinational conglomerate corporation, headquartered in Tokyo, Japan. The company’s main business is in infrastructure, consumer products, electronic devices and components.
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