James Delahunty
5 Feb 2007 7:50
Hitachi, the world's 5th largest producer of plasma display technology, has announced it has postponed a decision on building its next plasma display factory. The company has now given itself until year's end to reach a decision on the next plant, as it struggles to keep up with rivals, including plasma TV leader Matsushita Electric Industrial Co.
The delay has been caused by price declines in the flat TV industry. Hitachi spokesman, Masayuki Takeuchi, said the company can meet the demands by doubling capacity through its two existing plants in Japan, to an annual 4 million panels by December.
The prices of Plasma TVs have been put under pressure from dropping prices in the LCD marker from manufacturers such as Samsung Electronics Co. Ltd and LG.Philips LCD Co. Ltd. Only last week, Pioneer Corp. announced delays in the production of a new plasma display factory also.
Source:
Reuters