SOURCE: Industrial Info Resources

Industrial Info Resources

November 04, 2011 07:10 ET

Panasonic Downgrades LCD Production Strategy, an Industrial Info News Alert

KOFU-SHI, JAPAN--(Marketwire - Nov 4, 2011) - Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) -- Panasonic Corporation (NYSE:PC) (Osaka, Japan) is planning to cancel planned expansions to its liquid crystal display (LCD) capacity due to finances and a decline in the industry. Though television sales account for more than 10% of the company's sales, Panasonic is planning to suspend expansion plans at its Himeji site in the Hyogo prefecture and sell its Mobara site in the Chiba prefecture in Japan.

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