Panasonic to build world's biggest plasma TV plant

0 Comments | AFP, January, 2007

TOKYO (AFP) — The Japanese electronics giant behind the Panasonic brand said it will build the world's largest plasma television plant at a cost of 2.35 billion dollars to meet booming demand. Matsushita Electric Industrial Co. said in a statement that it will build the plant in the western Japanese city of Amagasaki in Hyogo prefecture, with a production capacity of one million units a month.

The company said that it would build the factory with its joint venture partner, the chemical group Toray Industries, Inc., at a cost of 280 billion yen. It will be the fifth plasma display panel built by the two partners and is expected to begin operating in May 2009. Matsushita company is already the world's top maker of plasma televisions and scored a 156 percent leap in net profits...