Panasonic Downgrades LCD Production Strategy, an Industrial Info News Alert
KOFU-SHI, JAPAN — (Marketwire) — 11/04/11 — Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) — (NYSE:PC) (Osaka, Japan) is planning to cancel planned expansions to its liquid crystal display (LCD) capacity due to finances and a decline in the industry. Though television sales account for more than 10% of the company-s sales, Panasonic is planning to suspend expansion plans at its Himeji site in the Hyogo prefecture and sell its Mobara site in the Chiba prefecture in Japa