Toshiba says to invest $1 billion in Southeast Asia over next five years

Wed Sep 24, 2014 2:39am EDT
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TOKYO (Reuters) - Japan's Toshiba Corp (6502.T: Quote) said on Wednesday that it plans to invest $1 billion in Southeast Asia over the next five years to expand its business in the region.

Toshiba said in a statement that it aims to double its sales in the region to $7 billion over the same time period.

(Reporting by Chris Gallagher; Editing by Edmund Klamann)

A visitor looks at a display of Japan's Toshiba company during the IFA Electronics show in Berlin September 4, 2014.    REUTERS/Hannibal Hanschke