Panasonic to End LCD Panel Production

Economy

Osaka, Nov. 21 (Jiji Press)--Panasonic Corp. <6752> said Thursday it will stop producing liquid crystal display panels in 2021 amid intense price competition in the global market.

The Japanese company will relocate about 500 workers in charge of LCD panel production at its Himeji factory in Hyogo Prefecture, western Japan.

The factory will continue production of automotive batteries.

Panasonic, based in Kadoma, Osaka Prefecture, western Japan, started producing LCD panels at the Himeji factory in 2010.

But the company quit making LCD panels for televisions in 2016 amid competitive pressure from South Korean and Chinese rivals.

[Copyright The Jiji Press, Ltd.]

Jiji Press