Toshiba Celebrates Opening of New LCD TV Production Plant in Poland

    KOBIERZYCE, POLAND, October 16 /CNW/ - Toshiba Corporation today
celebrated the official opening of Toshiba Television Central Europe Sp. zo.
o. (TTCE), a new production and sales company for LCD TVs in Kobierzyce,
southwest Poland. Toshiba executives were joined for the opening ceremony and
a reception by representatives of the national and local government and other

    Toshiba established TTCE in September 2006 as a key element in its
strategy to strengthen its LCD TV business and expand production and sales in
Europe. Manufacturing started in July 2007, and has now been ramped up to full
scale production.

    The opening ceremony at the Kobierzyce site, located near Wroclaw, was
attended by Mr. Marcin Korolec, the Vice Minister of the Economy, Mr. Ryuichi
Tanabe, the Japanese ambassador to Poland, other representatives from the
national and local government, and other guests, including Toshiba's business
partners. Toshiba was represented by Mr. Toshio Yonezawa, corporate senior
executive vice president. The ceremony underlined the contribution that
Toshiba expects to make to the Kobierzyce community, and included the
presentation of LCD TVs manufactured at the plant to three local schools.

    Global demand for LCD TVs has doubled every year since FY2001. Demand
growth is particularly strong in Europe, already the world's largest LCD TV
market, and is expected to expand from almost 16 million units in FY2006 to
approximately 33 million units in FY2009(1).

    Toshiba already manufactures LCD TVs in Europe at Toshiba Information
Systems (UK) Ltd. The new Polish plant provides a second production base that
will support Toshiba in meeting growing demand and reinforcing its presence in
the pan-European market. The Company targets production of some three million
units in Europe by FY2009, with the main focus on large sized LCD TVs with
screen sizes of 32-inches and above.

    Toshiba plans to invest a total of about six billion yen in TTCE over the
next five years, and will use the output from the plant to win an increased
share of the European LCD TV market.

    Outline of TTCE

    Company: Toshiba Television Central Europe Sp. zo. o.

    Initial Capital: 4,590 million yen (wholly owned by Toshiba Corporation)

    Location: Kobierzyce, Poland

    Established: September 2006

    Start of production: July 2007

    President: Yuji Komori

    Site area: Approx. 223,000 square meters

    Building area: Approx. 40,000 square meters

    Employees: Approx. 1,000 by 2010

    Business: LCD TV manufacturing and sales and marketing

    (1) Toshiba's forecast


For further information:

For further information: Toshiba Corporation Junko Furuta,
+81-3-3457-2105 Corporate Communications Office Fax: +81-3-5444-9202

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