01.03.2005 16:26:00
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Thomson Finalises the Transfer of Its Italian Tubes Activity in Videoc
Business Editors/High-Tech Editors
PARIS--(BUSINESS WIRE)--March 1, 2005--Following the announcement of January 26, 2005, regarding the transfer of its Italian tubes manufacturing facility in Anagni (Italy) to the Indian group Videocon, lndia's leading manufacturer of consumer electronics and white goods, Thomson announces today the closing of this transaction.
The official ceremony, presided by Undersecretary Gianni Letta, took place in Rome and was attended by representatives of Thomson and Videocon, by the Indian Ambassador Himachal Som, by Minister for Production Activities Antonio Marzano, the Vice-President of Lazio Region Giorgio Simeoni, the President of Frosinone Province Francesco Scalia, the Mayor of Anagni Franco Fiorito as well as the national and provincial secretaries of five major trade unions organisations.
The transfer of Anagni to Videocon will enable the development of new manufacturing operations on site in order to replace progressively the production of colour picture tubes.
About Thomson - Partner to the Media & Entertainment Industries
Thomson (Euronext Paris: 18453)(NYSE:TMS) provides technology, systems and services to help its Media & Entertainment clients - content creators, content distributors and users of its technology - realize their business goals and optimize their performance in a rapidly changing technology environment. The Group intends to become the preferred partner to the Media & Entertainment Industries through its Technicolor, Grass Valley, RCA and Thomson brands. For more information: www.thomson.net.
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CONTACT: Thomson Monica Coull, +33 1 41 86 53 10 (Press Relations) monica.coull@thomson.net Severine Camp, +33 1 41 86 57 23 (Investor Relations) severine.camp@thomson.net David Schilansky, +33 1 41 86 52 38 (Investor Relations) david.schilansky@thomson.net or Financial Dynamics Aurelie Gasnier, +33 1 47 03 68 10 (Press Relations) aurelie.gasnier@fd.com
KEYWORD: FRANCE ITALY INTERNATIONAL EUROPE INDUSTRY KEYWORD: HARDWARE TELECOMMUNICATIONS SOURCE: Thomson
Copyright Business Wire 2005
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