LG Electronics has announced it is producing its smallest plasma display panel (PDP) for the Chinese TV market. The South Korean company, which is the world's #2 manufacturer of plasma display panels (PDP), said it will supply 32-inch plasma panels for unspecified Chinese TV set makers. LG recently moved to cut its output and restructure its PDP business amid falling panel prices and growing losses.
"We will begin the mass production from June, at our module plant in Nanjing," a company spokesman said. "China's 30-inch grade TV market is set to grow quickly ahead of next year's Beijing Olympics." He added that LG will offer the 32-inch PDP screens at a lower price than smaller sized LCD panels but declined to set a price or the planned production volume.
On Friday, LG halted production of plasma display panels at its smallest of its three domestic plasma panel lines before the end of June. The company trails behind Matsushita Electric Industrial Co. in the plasma business, but is ahead of the another South Korean giant, Samsung SDI Co.
Source:
Reuters
On Friday, LG halted production of plasma display panels at its smallest of its three domestic plasma panel lines before the end of June. The company trails behind Matsushita Electric Industrial Co. in the plasma business, but is ahead of the another South Korean giant, Samsung SDI Co.
Source:
Reuters
