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Horizont, Unihan to establish joint venture to produce Toshiba TV sets

The Belarusian holding company Horizont and Unihan International Company signed an agreement to establish a joint venture to produce Toshiba TV sets, BelTA learnt from the Belarusian company.

The document was signed during a visit of a Toshiba and Unihan delegation to Minsk. “The main result of the negotiations was the signing of the agreement between Horizont and Unihan to set up a joint venture to produce Toshiba TV sets. This is going to be the first stage of cooperation. In the future the companies are planning to start manufacturing other consumer electronics. The signing of the agreement is just the first stage of cooperation. At this stage the companies are planning to not only produce TV sets but participate jointly in the industrial park project,” BelTA learnt from the Belarusian company.

Representatives of the Japanese delegation expressed willingness to cooperate with the Belarusian company. Toshiba and Horizont have a common objective: to produce quality products and promote them to the markets of the Customs Union and the CIS. Thanks to Belarus' accession to the Customs Union with Russia and Kazakhstan, the possibilities of supplying household appliances to these markets have multiplied. “In the course of the negotiations it was repeatedly stressed that Horizont is expanding in several areas focusing on the production of household appliances and electronics, creation and support of industrial parks, and development projects,” specialists said.

Horizont Company was set up in December 2002 as a result of the reorganization of the Production Association Horizont. Today it is the CIS largest producer of TV sets and radio electronics. The company produces over 50 models of TV sets, DVD-players, home video centers, systems of satellite and cable television, household appliances. Horizont closely cooperates with Midea Group Co, a large producer and exporter of household appliances. Midea-Horizont joint venture was set up in 2008. The company produces microwave ovens (over 2 million units per year). All the products meet the European quality standards.

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