TCL Corporation

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For other uses, see TCL.
TCL Corporation
Native name
 TCL集团
Public company
Industry Electronics
Founded 1981
(Foundation)
1985
(Incorporation)
Founder Tomson Li Dongsheng
Headquarters Huizhou, Guangdong, China
Area served
 Worldwide
Key people
 Tomson Dongsheng Li (CEO)
Products Television sets, video cameras, mobile phones
Revenue US$16.44 billion (2014)[1]
Number of employees
 Approximately 75,000[1]
Website tcl.com

TCL Corporation is a Chinese multinational electronics company headquartered in Huizhou, Guangdong province, China. It designs, develops, manufactures and sells products including television sets, mobile phones, air conditioners, washing machines, refrigerators and small electrical appliances. In 2010 it was the world's 25th-largest consumer electronics producer. In 2013, it was third-largest television producer by market share.[2]

TCL comprises three listed companies: TCL Corporation (SZSE: 000100), which is listed on the Shenzhen Stock Exchange, and TCL Multimedia Technology Holdings, Ltd. (SEHK: 1070) and TCL Communication Technology Holdings, Ltd. (SEHK: 2618), which are listed on the Hong Kong Stock Exchange.[3]

TCL's current corporate slogan is "The Creative Life".[4]

History

The company was founded in 1981 and incorporated in 1985 as TCL Telecommunication Equipment Co Ltd. It began manufacturing consumer electronics for the Chinese market during the 1980s,[5] and began to sell overseas in the 2000s.[6] Though a state-owned enterprise, TCL was established as a joint venture with several Hong Kong-based investors.[5] At the beginning, TCL was referred as an acronym for "True China Lion".[by whom?]

In July 2003, TCL chairman Li Dongsheng formally announced a 'Dragon and Tiger Plan' to establish two competitive TCL businesses in global markets ("Dragons") and three leading businesses inside China ("Tigers").[7]

In November 2003, TCL and Thomson SA of France announced the creation of a joint venture to produce televisions and DVD players worldwide.[8] TCL took a 67 percent stake in the joint venture, with Thomson SA holding the rest of the shares, and it was agreed that televisions made by TCL-Thomson would be marketed under the TCL brand in Asia and the Thomson and RCA brands in Europe and North America.[8]

In April 2004, TCL and Alcatel announced the creation of a mobile phone manufacturing joint venture: Alcatel Mobile Phones.[7] TCL injected 55 million euros in the venture in return for a 55 per cent shareholding.[7]

In May 2005, TCL announced that its Hong Kong-listed unit would acquire Alcatel's 45 per cent stake in their mobile-phone joint venture for consideration of HK$63.34 million ($8.1 million) worth of TCL Communication shares.[9]

In June 2007, TCL announced that its mobile phone division planned to cease using the Alcatel brand and switch entirely to the TCL brand within five years.[10]

In April 2008, Samsung Electronics announced that it would be outsourcing the production of some LCD TV modules to TCL.[11]

In July 2008, TCL announced that it planned to raise 1.7 billion yuan ($249 million) via a share placement on the Shenzhen Stock Exchange to fund the construction of two production lines for LCD televisions; one for screens of up to 42 inches, and the other for screens of up to 56 inches.[12] TCL sold a total of 4.18 million LCD TV sets in 2008, more than triple the number during 2007.[13]

In January 2009, TCL announced plans to double its LCD TV production capacity to 10 million units by the end of 2009.[13] In November 2009, TCL announced that it had formed a joint-venture with the Shenzhen government to construct an 8.5-generation thin film transistor-liquid crystal display production facility in the city at a cost of $3.9 billion.[14]

In March 2010, TCL Multimedia raised HK$525 million through the sale of shares on the Hong Kong Stock Exchange, in order to fund the development of its LCD and LED businesses and to generate working capital.[15] In May 2011 TCL launched the China Smart Multimedia Terminal Technology Association in partnership with Hisense Electric Co. and Sichuan Changhong Electric Co., with the aim of helping to establish industry standards for smart televisions.[16]

In January 2013, it bought the naming rights for Grauman's Chinese Theatre for $5 million: the theater was renamed "TCL Chinese Theatre".[17]

TCL Chinese Theatre, Hollywood, California, US

In October 2014, TCL acquired the Palm brand from HP for use on smartphones.[18][19]

Operations

TCL is organised into four business divisions:[1]

  • Multimedia
  • Communications
  • Home Appliances
  • Home Electronics / Consumer Electronics

In addition it has two affiliated business areas:[1]

  • Real estate and investment
  • Logistics and services.

TCL has operations in more than 80 cities across Africa, Asia, Australasia, Europe, North America and South America.[1] It has 18 R&D centers, 20 major manufacturing facilities and over 40 sales offices worldwide.[1]

Products

TCL's primary products are TVs, DVD players, air conditioners, GSM and CDMA mobile phones, personal computers, home appliances, electric lighting, and digital media.

It primarily sells its products under the TCL brand name in Africa, Asia, Australasia, North America, South America, and Russia (TV, air conditioners); under the Alcatel (mobile phones) and Thomson (TV) brands in Europe (in Russia, mobile phones only).[20]

The company as of April 2012 is in venture with Swedish furniture giant IKEA to provide the consumer electronics behind the Uppleva integrated HDTV and entertainment system product.[21][22]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Global market share held by LCD TV manufacturers from 2008 to 2013. Retrieved 26 February 2015.
  3. ↑ Investor Relations TCL Official Site
  4. ↑ TCL Official Website
  5. ↑ 5.0 5.1 History TCL Official Site
  6. ↑ About TCL TCL Official Site
  7. ↑ 7.0 7.1 7.2 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ 13.0 13.1 Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Company Profile TCL Official Site
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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