Lithuania's Ekranas, the only TV tube manufacturer in the Baltic States has signed a long-term contract with the Japanese electronics giant Toshiba Corporation.
Published:
6 November 2000 y., Monday
Lithuania's Ekranas, the only TV tube manufacturer in the Baltic States has signed a long-term contract with the Japanese electronics giant Toshiba Corporation for the production of new TV tubes, the Lithuanian company said.
Under the contract Ekranas will purchase license from Toshiba and launch the production of 21" fully flat picture tubes under the trademark "Ekranas." "The new products will be introduced onto the market as soon as at the end of 2002, and mass production will begin in 2003," said Angelija Zokaitiene, head of the company's Investment Unit. Ekranas has already started installing new TV tube production equipment.
The company will invest its own profits and loans from the International Finance Corporation (IFC) and the Japanese bank Sun Trust in the project, valued at around 35 million US dollars. The IFC has provided a 15-million-dollar loan to the Lithuanian company, and Sun Trust is expected to loan up to 7.5 million dollars. Ekranas, based in the central Lithuanian town of Panevezys, announced a non-audited profit of 45 million litas (USD 11.3 mln) on sales of 328 million litas (USD 82 mln)for the first nine months of 2000. The company hopes to further increase its profit in the coming years, Zokaitiene said.
Šaltinis:
Ekranas
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The President of the Spanish Government, José Luis Rodríguez Zapatero, will meet this Monday with the German Chancellor, Angela Merkel, to analyse the future EU economic and employment strategy EU2020 before the Twenty-seven approve its basic lines at the Spring European Council.
more »
The planned overhaul of the EU common fisheries policy should take better account of the huge differences across European fleets and fisheries, give greater responsibility to fishing regions, address the problem of fleet overcapacity and improve the traditional quota system, according to a non-binding report adopted by Parliament on Thursday.
more »
The EMU framework and economic governance within the eurozone need to be revamped.
more »
Young people should be a priority in EU action next year, it emerged on Tuesday, as the Budgets Committee started work on the EU's 2011 budget.
more »
European Investment Bank (EIB) support for EU regional policy is crucial for tackling the economic crisis, EIB President Philippe Maystadt told the Regional Development Committee on Monday.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania could get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Tuesday.
more »
Today, 22 February, the EU Council of Agriculture and Fishing in Brussels, under the chairmanship of the Spanish Minister, Elena Espinosa, will analyse the impact of the economic crisis on the Greek agricultural sector, which has experienced a drop in prices and income, with small farms that pose an obstacle for the producer for negotiating with large distribution chains.
more »
Municipal policies to tackle the crisis and their application at EU level will be discussed during the three days of the summit entitled, “Networked Local Governments for a New Europe”, which will bring together representatives from 260 cities in Barcelona.
more »
The EBRD is promoting energy efficiency and renewable energy projects in Moldova, helping the economy to reduce its energy intensity with a new €20 million credit line for on-lending to local private companies.
more »
The EBRD is lending $1.2 million to Salkyn, one of the largest ice cream producers in Turkmenistan, to help the company expand its distribution network and build up its brand.
more »