[opendtv] Matsushita to build world's biggest PDP plant-paper
- From: Monty Solomon <monty@xxxxxxxxxx>
- To: opendtv@xxxxxxxxxxxxx
- Date: Mon, 17 May 2004 08:27:26 -0400
Matsushita to build world's biggest PDP plant-paper
- May 16, 2004 01:27 AM (Reuters)
TOKYO, May 16 (Reuters) - Japanese firms Matsushita
Electric Industrial Co (TOKYO:6752) and Toray Industries Inc
(TOKYO:3402) will invest a combined 90 billion yen ($785.9 million)
to build the world's biggest plasma display panel (PDP)
factory, a newspaper said on Sunday.
Japanese and South Korean electronics makers have been
jostling to boost plasma display production and secure a larger
share of the flat-panel television market, which analysts
expect to grow rapidly over the next several years.
The Nihon Keizai Shimbun business daily said Matsushita
Plasma Display Panel (PDP) Co, owned 75 percent by electronics
maker Matsushita and 25 percent by synthetic fibre giant Toray,
will begin construction of the plant this summer and start
production in the second half of 2005.
The plant will be located in Amagasaki, Hyogo Prefecture,
in western Japan. Production will start at 100,000 panels per
month in 2005 and expand to 250,000 panels in 2007, quadrupling
the company's total monthly output to 380,000 panels, the paper
said.
The plant's annual capacity in 2007 of three million panels
would make it the world's largest, the newspaper added.
...
- http://finance.lycos.com/home/news/story.asp?story=41465209
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