“Panasonic Corp. has decided to withdraw from TV panel production amid fierce competition from foreign rivals, in particular in China and South Korea, company sources said Tuesday.
The Osaka-based company will end production at its sole liquid crystal display plant in the city of Himeji, Hyogo Prefecture, by the end of September, as it expects no improvement in its profitability.
Panasonic’s withdrawal will leave Sharp Corp. as the sole Japanese electronics maker making LCD panels for TVs in Japan.
Although Panasonic will halt TV panel production, it will continue making LCD TVs using panels procured from manufacturers in South Korea and elsewhere, the sources said.
Meanwhile, Panasonic will continue producing LCD panels for other purposes and bolster the LCD businesses for vehicles and medical devices, where growth is expected.” (Japan Times)
Another blow for Audio-Video & Electronics Manufacturing in Japan! Is this a business of the past? What do you think?
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