• Most Popular
  • Most Shared

Panasonic to streamline plasma panel production-report

Wed Nov 19, 2008 1:01pm EST

Stocks

   

NEW YORK, Nov 19 (Reuters) - Panasonic Corp (6752.T) will centralize production of plasma panels by the end of the year as part of an internal reorganization to increase cost competitiveness and cut production costs by up to 4 billion yen a year, The Nikkei financial daily reported.

Stocks

The report said the company currently makes 65-inch plasma panels at a plant in Ibaraki, Osaka Prefecture, and produces all other sizes at two factories in Amagasaki, Hyogo Prefecture. It said the company would now produce all sizes at the Amagasaki facilities.

The report said Panasonic intends to concentrate development and testing of flat panels at the Ibaraki site. It plans to establish a new development segment for LCD panels there next fiscal year, the report said. (New York Equities Desk, + 1 646 223 6000; editing by Gunna Dickson)
Stocks


More from Reuters

Photo

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

» More Top News
A broker waits for a phone call as he trades on the dealing floor at ICAP in Jersey City, New Jersey December 9, 2009. REUTERS/Lucas Jackson

Easy come, easy go

After a run of easy money this year, fund managers cast a wary eye on investment prospects in 2010.  Full Article 

Investment Outlook Summit

"I don't think this is the bottom. We're going to have more problems in the world economy. We're papering over the problems more than anything else."

Well-known investorJim Rogers,
on the sinking greenback and the fundamental problems with the U.S. economy
    Currencies