Matsushita to double plasma capacity at latest plant

Subscribe to Oneindia News

TOKYO, Sept 14 (Reuters) Panasonic maker Matsushita said it would double output capacity at its latest plasma panel plant in western Japan as early as by the end of the year, in a move to cut costs and solidify its position as the No.1 plasma TV maker.

Matsushita Electric Industrial Co Ltd is bringing new production equipment into the plant, its fourth plasma panel factory in Japan, with an eye to boosting its capacity to the equivalent of 360,000 42-inch panels a month from the current 180,000 panels possibly by December, a Matsushita spokesman said.

Matsushita, which competes with Samsung Electronics Co Ltd and LG Electronics Inc in the plasma TV market, has said it plans to bring the plant to full capacity of 500,000 panels per month by March 2009, but it has not disclosed specific ramp-up plans.

The world's largest consumer electronics maker said it stands by its existing plan to start production at its new 280 billion yen ( TOKYO, Sept 14 (Reuters) Panasonic maker Matsushita said it would double output capacity at its latest plasma panel plant in western Japan as early as by the end of the year, in a move to cut costs and solidify its position as the No.1 plasma TV maker.

Matsushita Electric Industrial Co Ltd is bringing new production equipment into the plant, its fourth plasma panel factory in Japan, with an eye to boosting its capacity to the equivalent of 360,000 42-inch panels a month from the current 180,000 panels possibly by December, a Matsushita spokesman said.

Matsushita, which competes with Samsung Electronics Co Ltd and LG Electronics Inc in the plasma TV market, has said it plans to bring the plant to full capacity of 500,000 panels per month by March 2009, but it has not disclosed specific ramp-up plans.

The world's largest consumer electronics maker said it stands by its existing plan to start production at its new 280 billion yen ($2.44 billion) plasma panel plant, which will also be located in western Japan, in May 2009.

REUTERS DKS KP1125 .44 billion) plasma panel plant, which will also be located in western Japan, in May 2009.

REUTERS DKS KP1125

Please Wait while comments are loading...