MoneyWorks4Me

PG Electroplast discontinues manufacturing activity of CTVs at Roorkee

30 May 2013 Evaluate

PG Electroplast is having a manufacturing unit at Roorkee where the Company has been manufacturing CTVs for LG Electronics among other products. During the current year LG Electronics has decided to discontinue manufacturing of conventional picture tube colour televisions as a global policy. Due to this Company's manufacturing activity of CTVs being manufactured for LG Electronics is discontinued and the Company will lose an annual turnover close to Rs. 100 crore.

PG Electroplast is an Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) of consumer electronic products in India.

Peers