Mitsubishi Electric to End Cellphone Sales in China
Posted on: Monday, 27 February 2006, 12:00 CST
By Kyodo News International, Tokyo
Feb. 27--TOKYO -- Mitsubishi Electric Corp. will pull the plug on overseas sales of mobile phones by discontinuing sales in China caught in intensifying price-cutting competition, company officials said Monday.
Mitsubishi Electric hopes to turn around its money-losing mobile phone business by concentrating on the domestic market, they said.
To end marketing operations in the Chinese market, Mitsubishi will close the sales offices in Beijing, Shanghai and Guangzhou of its Chinese joint venture, Mitsubishi Soyea Mobile Communication Equipment Co., at the end of March.
Based in Hangzhou, Mitsubishi Soyea will continue production of cellphones at its plant in the city, including those for the Japanese market.
-----
To see more of Kyodo News International, go to http://www.kyodonews.com
Copyright (c) 2006, Kyodo News International, Tokyo
Distributed by Knight Ridder/Tribune Business News.
For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.
MIELY, 6503,
Source: Kyodo News International, Tokyo
Related Articles
- Psychemedics Corporation Announces Sales & Marketing Agreement With Bupa in UK
- Sucampo Names Stanley G. Miele Head of Sales & Marketing
- Naturally Iowa Signs Sales Broker Agreement With Meiwah International
- Bluestreak Technology and Open-Plug Join Together to Showcase Cutting Flash(R) Graphics to Mass-Market Mobile Phones
- Tokyo International Airport Installs Lockheed Martin WindTracer Lidar System
- The Atlanta Chapter of the Customer Relationship Management Association Is Proud to Host "Leveraging Social Networks and Emerging Technologies for Sales, Marketing and Customer Relationships"
- Schaeffer's Daily Market Blog Features: Logitech International SA, Advanced Micro Devices, Apple Computer, McDonalds, and Duke Energy
- Network Installation's Spectrum Adds New Sales & Marketing Executive
- TargetRx CEO Michael Luby to Drive Industry Dialogue on Bridging the Gap Between Sales & Marketing at Pharmaceutical Marketing Congress
- WCDMA Equipment Sales Push Mobility Infrastructure Market Revenues Up in 3Q04 According to Dell'Oro Group
 |
 |
User Comments (0)
RSS Feeds