Panasonic plasma exits panel production next year

Panasonic plasma exits panel production next year According to the latest report, Matsushita Plasma Panel Production Co., Ltd. (PPD, Osaka, Ibaraki City) plans to lay off 250 people by voluntary resignation by the end of March 2014.

As of the end of March 2013, about 830 employees of Matsushita’s subsidiary were engaged in the development and manufacturing of the Matsuzaki Amizaki Plant in Hyogo Prefecture.

According to reports, according to the plan, Panasonic plans to withdraw from plasma panel production by the end of March 2014.

According to a report by the Japanese media in early October, Matsushita Electric Co., Ltd., the world's leading producer of plasma TVs, decided to stop producing plasma panels by the end of March next year. Earlier this year, Panasonic shut down Shanghai Panasonic Plasma Display Co., Ltd., and the plant's assembly capacity was concentrated at the assembly plant in Shandong. Matsushita Electric Co., Ltd.’s new head, Jin Heichi, once said that in the future, Matsushita will get rid of its dependence on television and achieve “TV-based”.

According to the report, Panasonic’s funds for the sale of plasma TV plants will enrich the automotive and residential related businesses, and the plasma business employees will change positions to accelerate Panasonic’s “de-TV” process.

In fiscal year 2012 ending in March 2013, Matsushita's plasma TV production plant suffered a loss of 43.1 billion yen. The third factory of Amagasaki was completed and put into production in 2009. It was the most advanced plasma TV production base in the world.

In the competition with LCD TVs, Panasonic’s plasma business lost to rivals. Matsushita's complete exit from plasma TV production also meant that the last domestic company producing plasma TVs was declared to be the end.

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