Plasma plants to remain closed

Uzbekistan News.Net
Friday 9th January, 2009

Japanese electronics maker Panasonic Corp has decided to cut back on investments for flat-screen TV plants.

Two new plants will be closed as Panasonic reduces output capacity amid slumping demand.

Weakening economies around the world have seen slowing demand for flat TVs, with prices plummeting.

Panasonic is the world's largest plasma TV maker.

Email this story to a friend

Have your say on this story

Top Stories

New dinosaur species found in China
Paleontoligists in China Saturday claimed to have found the skeleton of a new species of carnivorous dinosaur that believed to have lived about 80 million years ago. [read story]
Asian countries should engage each other more proactively: Singapore Minister
Visiting Singapore's Senior Minister Goh Chok Tong on Saturday said that Asian countries should now start engaging each other more proactively. [read story]
Shortening supply of new properties add to Hong Kong renters woes
Rents are up in Hong Kong as the number of new properties coming on to the market declines. [read story]
Oprah to give evidence at own defamation trial
Schoolgirls who were allegedly abused at Oprah Winfrey's academy in South Africa, will soon testify at an upcoming trial in Philadelphia. [read story]
Student beaten to death for playing music
A student has died after being beaten to death by pro-Taliban radicals at a Pakistani university. [read story]