July 2, 2014 / 12:50 AM / 3 years ago

Innolux to shift some production in China to Taiwan: paper

TAIPEI (Reuters) - Innolux Corp, the world's No.3 flat panel maker, plans to shift 25-30 percent of its manufacturing capacity in China to Taiwan in a bid to speed up production time and raise panel yields, a newspaper reported on Wednesday.

The Economic Daily quoted Chairman Tuan Hsing-Chien as saying that the move reflects signs of recovery for the industry.

Innolux and other flat panel makers have struggled with steep price drops and a supply glut for years.

Representatives for Innolux could not be reached immediately for comment.

Reporting by Faith Hung; Editing by Edwina Gibbs

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