Sharp looking to sell TV factory in Poland

Kyodo

As part of turnaround efforts, Sharp Corp. may sell a factory in Poland where it makes liquid crystal display TVs for the European market, sources said Monday.

The company appears to be sounding out investment funds and foreign electronics makers on whether they are interested in acquiring the factory.

It is uncertain whether Sharp will be able to find a buyer because talks with potential buyers have run into difficulties, the sources said. It may eventually move to close the factory if it does not succeed with negotiations.

Sharp is keen to improve the profitability associated with its TV operations and wants to pad its cash reserves by selling the plant.

It has already been in talks to sell other overseas TV plants, including one in Mexico.