TPV Technology

TPV Technology Limited (informally TPV, Chinese: 冠捷科技) is a Fortune China 500 multinational electronics manufacturing company headquartered in Kwun Tong, Hong Kong, and incorporated in Bermuda.[5] It is the world’s largest manufacturer of computer monitors with a 33% market share.[6][7] TPV designs and produces a full range of CRT and TFT LCD monitors as well as LCD TVs for distribution globally.[8] It owns brands such as AOC, Envision, and Philips for some products (TPV obtained the brand name of Philips from Koninklijke Philips N.V.). It is also an original design manufacturer for other companies.[9]

TPV Technology Limited
TypePrivate
IndustryElectronics
HeadquartersKwun Tong, Hong Kong
Area served
Worldwide
Key people
Jason Hsuan
(Chairman and CEO)
Products
  • Computer monitors
  • LCD TVs
Revenue US$9.6 billion (2017)[1]
US$1.8 million (2017)[1]
US$-58 million (2017)[1]
Number of employees
 29,014[2]
ParentChina Electronics Corporation (37.05%)
Mitsui & Co. (18.20%)
InnoLux Corporation (6.42%)
China Southern AssetMgt (5.37%)[3][4]
Subsidiaries
Websitewww.tpv-tech.com

The company started privatization in late 2019.[10]

History

The company was founded in 1990 in China as Top Victory Electronics, as the mainland China manufacturing plant of AOC International (founded in 1967).[11]

In September 2005, TPV Technology acquired part of Philips' monitor and entry-level flat screen TV manufacturing business, making it the largest display manufacturer in the world.[7][12][13] In March 2008, TPV acquired a business operation from Chi Mei Optoelectronics Corporation.[14]

In June 2009 MMD (Multimedia Displays) as a wholly owned company of TPV was established through a brand license agreement with Philips, and its role is to exclusively market and sell Philips branded LCD monitors and displays worldwide. Three categories of Philips product lines are included under the agreement: the Business and Consumer Range of LCD monitors, Public Signage and Hotel/Hospitality TV.

In April 2011, TPV Technology and Philips agreed to form a Netherlands-based television manufacturing joint venture comprising all of Philips' television operations, and owned 70% by TPV Technology and 30% by Philips.[15] Creation of the joint venture, named TP Vision, was completed in April 2012.[16] In January 2014, TPV Technology announced an agreement with Philips to transfer the remaining 30% shares to TPV, which was completed in May 2014, making TP Vision a wholly owned subsidiary of TPV Technology.[17]

Operations

TPV Technology manufactures CRT monitors, LCD monitors and LCD TVs.[14] As of 2010, TPV had a total production capacity of 6.1 million monitors per month. TPV has five factories in China, two in Brazil, one in Poland and one in Russia, and sells its products worldwide.[18]

References
  1. "TPV Technology Limited Annual Report 2017 – Consolidated Income Statement for the Year Ended 31st December 2017" (PDF). TPV-Tech.com. TPV Technology Limited. April 2018. p. 74 (PDF p. 76). Retrieved 4 November 2018.
  2. "TPV Technology Limited Annual Report 2017" (PDF). TPV-Tech.com. TPV Technology Limited. April 2018. p. 10 (PDF p. 12). Retrieved 4 November 2018.
  3. TPV Technology Limited (September 2019). "Investor Pack Fact Sheet" (PDF). www.tpv-tech.com. Retrieved 24 July 2020.
  4. TPV Technology Limited (2019). "2019 Interim Report" (PDF). www.tpv-tech.com. Retrieved 24 July 2020.
  5. "TPV Technology Limited Annual Report 2017 – Notes to the Consolidated Financial Statements" (PDF). TPV-Tech.com. TPV Technology Limited. April 2018. p. 81 (PDF p. 83). Retrieved 4 November 2018.
  6. "Dr Jason Hsuan Executive Director of TPV Technology | The CEO Magazine". TheCEOMagazine.com. Australia: The CEO Magazine. 19 April 2017. Retrieved 4 November 2018.
  7. Sayer, Peter (20 June 2005). "Philips deal makes TPV world's biggest monitor maker". www.arnnet.com.au. IDG Communications. Retrieved 4 November 2018.
  8. "Snapshot for TPV Technology Ltd (903)". Bloomberg.
  9. "Group Profile". TPV Technology Limited. Archived from the original on 4 February 2012. Retrieved 4 February 2012.
  10. Lam, Fiona (11 November 2019). "TPV Tech gets court's nod for privatisation, expects to delist on Nov 14". The Business Times. Retrieved 25 July 2020.
  11. Zhang Wenxian; Alon Ilan (22 March 2010). A Guide To The Top 100 Companies In China. World Scientific. p. 283. ISBN 978-981-4466-07-3.
  12. "Media speculates over report Philips may sell unit to TPV". China Daily. 28 July 2010. Retrieved 3 February 2013.
  13. http://www.philips.com/about/company/businesses/participationsalliances/participations.page
  14. "TPV Technology Ltd (Hong Kong Stock) - Company Profile". Reuters. 20 June 2009. Archived from the original on 20 June 2009.
  15. "Philips moves to end losses at ailing television arm". BBC News. 18 April 2011. Retrieved 3 February 2013.
  16. "Philips spins off TV unit to HK's TPV Technology". Taipei Times. 3 April 2012. Retrieved 3 February 2013.
  17. "Completion of major and connected transaction relating to acquisition of 30% equity interest in TP Vision" (PDF). Hong Kong Exchanges. 30 May 2014. Retrieved 31 May 2014.
  18. AOC India - TPV Worldwide. Archived from the original on 2010-02-21.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.