Headquartered in China, TCL Multimedia Technology Holdings Limited (HKSE: 01070) is one of the leading players in the global TV industry, engaged in the research and development, manufacturing and distribution of consumer electronic products. Founded in 1981, 2016 marks TCL's 35th year where it now employs over 82,000 people, has 13 Sales Centers globally including Pakistan, has Brand Distributors over 80 countries around the world and has grown to become the 2nd largest manufacturer of TVs globally.
TCL has embarked on a new product-and-user-oriented business model that focuses primarily on a "double +" strategy which includes "intelligence + Internet" and "products + services" as the main direction, striving to become a "global entertainment technology enterprise" that provides integrated entertainment solutions to customers.
To this end, TCL is a leader in technology, design and innovation with 23 research and development centers and over 7000 skilled R&D professionals worldwide. At the end of 2015, TCL Corporation had built up 18,813 patents, out of which more than 12 000 of which are invention patents. TCL is in the top 3 Chinese companies in terms of the number of invention patents.
TCL owns its own panel manufacturing plant, China Star Optoelectronics Technology Co., Ltd (CSOT) is a high-tech company located in Shenzhen. The panel is the most critical and expensive part in the TV manufacturing process. This ability to manufacture panels makes TCL one of only 3 brands worldwide to be vertically integrated, allowing full control over the entire production process to deliver consistent and high quality products. The facility was launched in 2011 and a second production unit was setup in 2015, taking the cost of CSOT up to nearly USD 8 Billion and reaching a production capacity in excess of 20 Million units annually. Earlier this year, CSOT has announced to kick off its construction project of the world's largest Gen 11 LCD panel fabrication plant. The plant, estimated to cost USD 7.8 Billion, will produce extra-large high-resolution flat panel displays targeting 45", 65" or even larger LCD V markets. Because of this high manufacturing ability, many of our famous competitors are also our customers in procuring panels.
TCL have exhibited in various influential consumer electronic exhibitions around the world including the international Consumer Electronics Show (CES) and IFA.
At CES 2017, TCL was honored by International Data Group (IDG) as 2016-2017 Global Top 50 CE Brands and 2016-2017 Top 10 CE Brands from China, and won the Global Display Tech Innovation Award of the Year for TCL Quantum Dot TV.
TCL was also awarded for their innovation at IFA on September 2016, for their new flagship product, the 65" QUHD Curved 4K TV Xclusive X1 Series. The Xclusive X1 TV, created to lead the trend in LCD TV business with Ultra-HD resolution, high brightness, vibrant color and deep contrast was awarded the Quantum Dot Technology Gold Award.
TCL established it operations in Pakistan in 2013 and in 3 years has successfully been able to become one of the leading players in the local industry. Due to its innovative and high quality products and keen attention to customer after sales support, sales volumes have consistently grown year on year. TCL's motto is to give its customers "Affordable Premium Technology" and it's biggest success lies in its high end products. Over the last 3 years, as more and more customers have experienced a TCL TV and its high end technological and smart features, we have witnessed tremendous growth in these products. So much so that recently, TCL has become the one of the top sellers of Smart TV, UHD TV * and 55" category across Pakistan. For a growing brand, this is a huge achievement for TCL and confirms that customers have come to trust it for its technology, quality and affordability.