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Panasonic to stop manufacturing plasma displays

Staff writer ▼ | March 18, 2013
Panasonic Corp. is considering withdrawing from plasma television production within a few years after scaling down output gradually.
Panasonic
PanasonicPanasonic Corp. is considering withdrawing from plasma television production within a few years after scaling down output gradually.


Citing informed sources, Jiji Press writes that the Japanese consumer electronics giant also plans to cut its production of TV liquid crystal display panels and reconstruct its unprofitable flat-panel TV business.

The company will halt production of TV plasma panels at its main plant in Amagasaki around fiscal 2014, and had already written off the value of production equipment, sources said.

Panasonic reported a nine-month operating profit of $1.29 billion (121.95 billion yen), saying the positive result was due "mainly to fixed cost reductions and streamlining material costs". Weak demand for flat-panel televisions helped push total sales down 8.8 percent to 5.44 trillion yen.

In a statement, Panasonic said nothing had been decided yet, but added that discussions on the business strategy were ongoing, writes Channel NewsAsia.


 

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