×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Matsushita may make TVs in India, Russia, Brazil

Matsushita may make TVs in India, Russia, Brazil
Comment E-mail Print Share
First Published: Wed, Feb 28 2007. 03 23 PM IST
Updated: Wed, Feb 28 2007. 03 23 PM IST
Bloomberg
Tokyo: Matsushita Electric Industrial Co., the world’s biggest maker of consumer electronics, said it may contract with other companies to assemble plasma televisions in Russia and make liquid crystal display sets in India and Brazil.
In India, Matsushita aims to reduce production of cathode- ray-tube TVs at an existing factory and switch to manufacturing as many as 30,000 LCD sets a year, all of which will be sold in India, Nikkei reported.
The company may start making the TVs in Russia this summer, Osaka-based spokesman Hirotsugu Ryogoku said, confirming a report by the Nikkei newspaper. Production and spending details haven’t been decided, he said.
The company will almost quadruple its production capacity for flat-panel TVs in emerging markets to 2 million units a year in fiscal 2007, Nikkei reported. Matsushita is seeking to meet growing demand for flat-panel TVs in emerging markets.
In Russia, Matsushita plans to produce about 300,000 plasma TVs a year. Plasma panels will be shipped from Japan and built by a manufacturer in Russia, possibly in Kaliningrad, the Nikkei report said. Matsushita plans to sell flat-panel TVs with screens of 26 to 50 inches.
Comment E-mail Print Share
First Published: Wed, Feb 28 2007. 03 23 PM IST
More Topics: Corporate News | Sector Spotlight |