Philips Electronics today announced that the transaction to create a Television joint venture with TPV Technology Limited has been completed. The joint venture will be called TP Vision and will be 70 percent owned by TPV and 30 percent by Philips. TP Vision will develop, manufacture and market Philips branded TV sets. So, Philips is […]

Philips Electronics announced today that it has made progress in its EcoVision program, which sets sustainability performance targets for the end of 2015. Philips reported that its Green Product sales in 2011 totaled 39 percent and are well on track to reach the target of 50 percent in 2015. The Healthcare sector achieved the highest […]

Last week, Philips Electronics announced it has sold its remaining stake in LG Display Co., Ltd. to investors in a capital markets transaction. This transaction represents 13.2 percent of LG Display’s issued share capital, or 47.2 million of common stock, and reduces Philips’ holding to zero. The transaction will provide Philips with net proceeds of […]