Acer Inc (宏碁), the world’s No. 2 PC brand, decided to scrap a plan to form a joint venture with Hong Kong-listed TPV Technology Ltd (冠捷), the world’s largest contract monitor maker, to establish an LCD TV manufacturing plant in Russia.
Both firms had been negotiating since the third quarter last year, but Acer pulled out of the venture after TPV said it would take two to three years to complete the establishment, according to -Taiwan -representative office officials based in Moscow, who cited the Russian newspaper Kommersant.
Acer had hoped the plant would manufacture 100,000 LCD TVs a year initially. The local plant in Russia would have helped save the company 5 percent on import taxes, making its selling prices more competitive.
Samsung Electronics Inc and LG Electronics Co have set up manufacturing facilities in Russia, the officials said.
The top five LCD brands in -Russia are Samsung with 32 percent market share, LG with 16.5 percent, Phillips with 14.6 percent, Sony with 10.5 percent and Toshiba with 8.1 percent, according to Kommersant.
Arthur Pai (白忠良), assistant vice president of Acer’s digital display unit, did not return queries from the Taipei Times.
Last month, AU Optronics Corp (友達光電) said it planned to form a US$16 million LCD TV module assembly venture in Brazil with TPV to provide just-in-time services and customer support there.
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