All plasma panel production consolidated into a single factory

We already know that Panasonic is planning to exit the plasma television market by March of 2014. The company has now issued a new statement offering more details on its end of production for plasma display panels.

Panasonic says that the company will end production of plasma display panels in December of 2013 and end business operations at its Amagasaki P3 Factory, P5 factory, and P4 factory. Production was already stopped at P3 factory and production at the P5 factory is currently suspended. The P4 factory will cease operating by the end of March 2014.

Panasonic says its plasma panels received lots of praise over the years and there had previously been strong demand from consumers around the world.
But the company also acknowledged that the rapid development of large-screen LCD and severe price competition in the global market led to significantly declining demand for plasma panels in the flat panel display market. Those factors led the company to decide to stop production.

Source: Panasonic [PDF]

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