Sharp Corp will halve its LCD panel output at its Sakai facility in Osaka in Japan, marking its second deep production cut in a year, hurt by slumping television demand, the Nikkei business daily said.<\/p>\n
The reduced rate of production, which will continue for a month or more, is likely to hurt Sharp’s earnings and the company is expected to report a group net loss for the fiscal year ending March 31, its first in three years, the newspaper reported.<\/p>\n
Panasonic Corp will consolidate five plants into two locations while Sony Corp is set to close a joint venture with Samsung electronics, underlining the difficult conditions in the TV panel industry, the Nikkei said.<\/p>\n
The Sakai plant, capable of making the equivalent of 1.3 million panels for 40-inch TVs a month, was idled for about a month from April. After that, it has run at 80-90 percent of capacity, but inventories have piled up due to weak TV sales during the year-end holidays, the Japanese daily said.<\/p>\n
Operations at the Sharp site will be normalised depending on market conditions and it is likely that production adjustments could drag on for a long time, the Nikkei said.<\/p>\n
Sharp is contemplating using the lull in production as an opportunity to reconfigure the Osaka factory to make panels with better features like higher resolutions and power-saving functions, the newspaper said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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