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News

Panasonic signals end of production of plasma display panels

Panasonic UK : 10 November, 2013  (Company News)
Panasonic Corporation is to end the production of plasma display panels (PDP) in December 2013, and stop business operations at the Amagasaki P3 Factory (production currently stopped), the Amagasaki P5 Factory (production currently suspended), and the Amagasaki P4 Factory, which is currently operating, by the end of March 2014.
Panasonic signals end of production of plasma display panels
In the display panel business, Panasonic has been promoting the development of non-TV applications and carried out various restructuring measures, such as reduction of fixed costs, for both PDP and LCD panels. Through further fundamental business restructuring, the company is aiming to optimise the business and focus its management resources.
 
Since 2000, Panasonic has promoted its PDP business with a strategy of utilising PDP for large displays and LCD for small- and medium-sized displays. However, with the rapid development of large-screen LCDs, and facing the severe price competition in the global market brought on by the Lehman Shock in September 2008, the company consolidated production in the Amagasaki P4 Factory, made a shift towards commercial applications and worked to improve the earnings of the business.
 
Due to rapid, drastic changes in the business environment and a declining demand for PDP in the flat panel display market, it has now been judged that continuing the business would be difficult and a decision has been made to stop production.
 
The company will end sales of plasma TVs for consumer use and PDP related products for commercial use, such as Interactive Plasma Displays, with the products for FY 2014 (ending March 31, 2014).
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