UP

Toshiba leaving US LNG market

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Japanese Toshiba Corporation announced its withdrawal from the US liquefied natural gas (LNG) market.

Axar.az informs citing Foreign media.

According to the company, Toshiba intends to sell its subsidiary Toshiba America LNG Corporation by March 2019. The company made such a decision due to the restructuring of the company's business amid continuing decline in profits. So, in September of this year, the profit of the Toshiba group of corporations dropped by 80.7% compared to the same period last year.

As part of the restructuring, the company also intends to sell its subsidiary, which worked in the field of nuclear power plants in the UK. And in the next five years, the Japanese company expects to reduce its staff in various areas of production by seven thousand people.

Date
2018.11.08 / 11:25
Author
Axar.az
See also

X CEO resigns after two years

TikTok plans new app amid US ban threat

AI ‘Godfather’ Hinton warns of mass unemployment

Tesla Model Y makes first driverless delivery

Huawei and Astana Innovations to test 10G network

iPhone 16 leads global smartphone sales in Q1 2025

X rolls out XChat in Beta

Vietnam to block Telegram on June 2

Whatsapp opens audio hangouts to all group sizes

Saudi Crown Prince launches ‘HUMAIN’ AI company

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla