Merging French know-how with Chinese mass-scale manufacturing capability, consumer electronics group Thomson has agreed a deal with China’s TCL to create a joint company that could become the world’s leader in the television and video manufacturing industry.
The company will be called TCL-Thomson. The French group will initially hold a 33 per cent stake in the company while its Chinese partner will hold a 67 per cent stake. TCL International Holdings Limited (TCL International) is the leading manufacturer of multimedia and consumer electronic goods in China.