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 Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads.
more »
“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts.
more »
The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”.
more »
On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon.
more »
During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million.
more »
The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius.
more »
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year.
more »
The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November).
more »
Europeans can now use direct debit from their home account to pay bills anywhere in the EU.
more »