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Compal to Sell LCD TV Assembly Facility in Poland to Vestel Ticaret
September 5, 2016 | Compal Electronics Inc.Estimated reading time: Less than a minute
Compal Electronics Inc. has concluded an agreement to transfer ownership of Compal Electronics Europe sp. z o. o., an LCD TV manufacturing factory located in Wroclaw, Poland, to Turkey's Vestel Ticaret A.Ş. Details of the transaction are subject to the limitations of applicable laws, and the non-disclosure agreement between the parties. The target for finalization of the transfer is the fourth quarter of 2016, after obtaining necessary approvals from relevant authorities and conditions are met.
Given the changing environment in the European market, Compal expect to reach better cost performance and operational flexibility through this transaction. In the future, Compal will continue to cooperate with major channels, new branding, and work with local manufacturers to supply the European market.
Looking forward, Compal will continue to expand its TV and display market with more new IOT linking and Smart TV design.
Suggested Items
Compal Reports January 2025 Revenue
02/12/2025 | Compal Electronics Inc.The company reported consolidated revenue of NT$55,330 million for January 2025, representing a 13.6% decrease compared to the previous month (December 2024) and a 13.6% decline year-over-year (YoY) compared to January 2024.
Compal Reports December 2024 Consolidated Revenue
01/10/2025 | Compal Electronics Inc.Compal Electronics, Inc. reported consolidated revenue of NT$64,057 million for December 2024, representing a month-over-month decrease of 19.6% and a year-over-year decrease of 7.9%.
Compal Honored with Sustainability Awards
12/11/2024 | Compal Electronics Inc.The 2024 17th TCSA Taiwan Corporate Sustainability Awards held its joint award ceremony today (11th). Compal was honored with two prestigious awards: the "Taiwan Top 100 Sustainability Model Enterprise Award" and the "Taiwan Sustainability Report – Platinum Award." Mr. Jack Wang, Vice President and Deputy Chief Sustainability Officer, represented the company to accept the honors.
Compal Posts Sales Report for November 2024
12/09/2024 | Compal Electronics Inc.Compal Electronics reported Nov 2024 consolidated revenue of NT$79,666mn, representing MoM decrease of 6.8% and YoY decrease of 5.9%. The accumulated revenue of 2024 was NT$846,216mn, representing YoY decrease of 3.5%.
Compal Collaborates with Viasat
12/02/2024 | Compal Electronics Inc.Compal Electronics, Inc. (Compal) announced the collaboration with Viasat, a global leader in satellite communications, to officially include the APAL Hestia NTN IoT Dongle in Viasat’s ELEVATE Marketplace, further driving innovative applications of satellite Internet of Things (IoT) technology.