Author Topic: Panasonic to stop making LCD panels for TVs  (Read 913 times)

0 Members and 1 Guest are viewing this topic.

Offline Verbl Kint

  • Trade Count: (+18)
  • PinoyDVD Legend
  • *****
  • Posts: 4,000
  • Liked:
  • Likes Given: 255
Panasonic to stop making LCD panels for TVs
« on: Jun 01, 2016 at 11:57 PM »
Panasonic to stop making LCD panels for TVs

Japanese electronics maker Panasonic says it will stop making LCD panels for televisions, giving way to fierce price competition.

The pullout from TV LCD manufacturing follows the company's withdrawal from plasma TV production 3 years ago.

Panasonic has been making liquid crystal display panels for TVs at its Himeji factory in western Japan since 2010. Company executives are now planning to end production of the parts by September.

They say they will continue to manufacture LCD panels at the plant for products other than televisions, such as medical equipment and cars.

But they say cuts in output will lead to transfer of hundreds of workers to other factories or offices, out of about 1,000 currently employed at the plant.

They say the company will keep making Panasonic-brand televisions, using panels supplied by other manufacturers.

Production of LCD panels for TVs used to be a major business for Japanese electronics firms. But after Panasonic pulls out, Sharp and its Taiwanese parent firm Hon Hai will be the only producer in Japan.

Panasonic executives are trying to streamline operations to focus more on profit, rather than scale of sales


http://www3.nhk.or.jp/nhkworld/en/news/20160531_17/