Samsung SDI says to end plasma panel display production

SEOUL Mon Jun 30, 2014 8:24pm EDT

A man walks out of Samsung Electronics' headquarters in Seoul January 6, 2014. REUTERS/Kim Hong-Ji/Files

A man walks out of Samsung Electronics' headquarters in Seoul January 6, 2014.

Credit: Reuters/Kim Hong-Ji/Files

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SEOUL (Reuters) - Samsung SDI Co Ltd said on Tuesday that it will shut down its plasma panel production business, citing the decline in overall demand for plasma display panel televisions.

Samsung SDI, in a statement, said it will concentrate its resources on growing its energy and materials businesses. The firm plans to end all plasma display operations by November 30.

(Reporting by Se Young Lee; Editing by Stephen Coates)

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