Matsushita to manufacture LCD TVs in Malaysia

Matsushita to manufacture LCD TVs in Malaysia
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First Published: Thu, Apr 05 2007. 12 01 PM IST
Updated: Thu, Apr 05 2007. 12 01 PM IST
AP
Kuala Lumpur: Japan’s Matsushita Industrial Co. Ltd., which makes the Panasonic brand of products, has begun making liquid crystal display TVs in Malaysia to meet growing global demand. According to an official announcement, it will be the group’s first facility in Asia to make LCD sets.
“The LCD worldwide demand is currently 51 million sets and is expected to increase to 100 million by the year 2010,” Panasonic AVC Networks Kuala Lumpur Malaysia Sdn. Bhd., a subsidiary of Matsushita, said in a statement.
Panasonic AVC, which makes traditional tube TVs at its plant in Shah Alam suburb outside Kuala Lumpur, has expanded its facilities to produce 26-inch and 32-inch Viera LCD TVs to meet growing demand, its managing director Akihiko Hayase was quoted as saying.
Initial production is aimed at 30,000 units for the Malaysian market and 20,000 units to be exported to Singapore this year. The company would also supply parts for assembly plants in other countries.
The Malaysian plant will be the first facility in Asia to produce LCD TVs, Panasonic Malaysia spokeswoman Azizah Wahid told the Associated Press. All LCD sets sold in the region are currently produced at five factories in Japan.
The move to begin producing LCDs in Malaysia is prompted by accelerated demand as consumers switch from tube TVs to LCD sets. The company plans to expand exports next year to other regional countries.
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First Published: Thu, Apr 05 2007. 12 01 PM IST
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