July 1, 2014 / 12:25 AM / in 4 years

Samsung SDI says to end plasma panel display production

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.

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

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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