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Panasonic Shifts Some Plasma Ops To China

Osaka, Japan – Panasonic said Friday that it will move a part of
its plasma display panel production facilities at Amagasaki City, near Osaka,
to its operations in Shanghai to better respond to growing demand in China.

The moved operations will be part of Panasonic Plasma Display
Shanghai, which is a joint venture between Panasonic and Shanghai City.

The company is producing the equivalent of 25,000 42-inch plasma
display panels per month at its plant in Pudong New Area. To accommodate the
additional production facility and maximize production efficiencies, PPDS plans
to relocate to the nearby Pudong Jinqiao Development Zone.

Panasonic said the new production facility plans to commence
production with a monthly capacity equivalent to approximately 120,000 42-inch
panels in April 2012. Panasonic intends to maximize production efficiency by
further utilizing the integrated production system from plasma display panels
to assembling TV sets.

The company said the flat-panel TV market is expected to continue
growing globally to more than 240 million sets in 2012.

China’s flat-panel TV market is expected to surpass 50 million
units by that time, becoming the world’s largest.

The demand for plasma TVs with large-screen and high picture
quality is also expected to grow in China driven by digital TV broadcasting and
increased consumer interest in Full HD 3D plasma TVs.