EMCC European Monitoring Centre on Change

Multidisplay s.r.o

Company/Organisation:
Multidisplay s.r.o

Geographic Location

Country: Czechia
Region: Olomoucky; Stredni Morava
Location of affected unit(s): Hranice

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 1200
Group: CTP

Employment Effects

Announcement Date: 23-02-2007
Type of Restructuring: Business expansion
Planned Job Creation: 2000

Additional Information

In February 2007, it was reported that Dutch developer CTP became a new owner of the plant Multidisplay s.r.o. (former LG.Philips Displays Czech Republic s.r.o.) in Hranice. The priority of the new owner was to continue the production of tubes and maintain the current number of employees. In January 2006 the parent company LG.Philips Displays Holding B.V. from the Netherlands announced bankruptcy. As a consequence, the Czech subsidiary plant in Hranice became an independent and separated company in respect with its operation. Successful sale of the plant concluded the restructuring process. The plant managed to maintain the existing jobs. CTP was considering significant investments into their new facilities. After further development, the Hranice technology park should have offered employment opportunities for up to 2000 people.