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.