Panasonic to move all plasma panel production to two facilities
mainstay in the flat-panel world is forced to make significant business changes to deal with drooping demand and a bizarre economy. Shortly after Sharp announced that it would likely be cutting LCD panel production by around 10%, in flies word that Panasonic is making an even more drastic move. Currently, the outfit produces 65-inch plasma panels at a plant in Ibaraki, while all other sizes are concocted at two factories in Amagasaki. Starting soon, all sizes will be made at the pair of plants in Amagasaki, a move that will supposedly cut production costs by up to ¥4 billion ($41.92 million) per year. Panny is hoping to use the Ibaraki venue to "concentrate [on] development and testing of flat-panels," which follows logic given its intentions to spark up a "development segment for LCD panels there next fiscal year."
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.