Hitachi to open first European flat panel plant in Czech Republic
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Japan's Hitachi Ltd. said it will open its first European flat-panel television plant in the Czech Republic to meet robust demand in the region, with an investment of eight billion yen (68 million dollars).
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Toyota of Japan and French carmakers PSA Peugeot Citroen are to begin production at a joint-venture plant in the Czech republic on Feb 28, the head of the operation Masatake Enomoto revealed.
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Looking to beef up interest in plasma, Hitachi makes a thin one, which the company will debut at the Consumer Electronics Show in Las Vegas next week.
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(InfoWorld) - LG Electronics Inc. officially opened a large-scale electronics and electrical equipment manufacturing complex near Moscow on Tuesday. The South Korean company invested US$150 million in the complex, which will turn out 500,000 digital TVs, 700,000 washing machines, 200,000 refrigerators and 260,000 home theater systems annually, according to LG's plans. Further plans call for production of each product to rise to 1 million units annually by 2008. The complex is located in Ruza, which is west of Moscow and near to the E30 highway that runs from Moscow through eastern Europe to Germany. LG, which claims a leading market share in Russia for several products including TVs, audio equipment, vacuum cleaners, microwave ovens, video components, DVDs and optical storage, is hoping the new complex will help it expand business in Russia and eastern Europe. The company also operates factories in Poland that produce digital TVs and refrigerators. In June, LG.Philips LCD Co. Ltd. began construction of a factory in Wroclaw, Poland. The plant will take LCD (liquid crystal display) panels produced at a factory in South Korea and add additional components, including backlights and driver chips, to produce a finished LCD module. The finished modules will then be ready to be combined with other components such as tuners, power supplies and cases to form finished televisions. The LCD module plant is scheduled to begin mass production in March next year. The modules will be used in flat-panel TVs for the European market. REFERENCES: LG.Philips breaks ground on LCD module plant in Poland, Jun. 15, 2006
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Japanese electronics giants Matsushita, Hitachi and Canon are mulling an alliance to jointly produce next-generation flat panel displays, news reports said Wednesday.
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(InfoWorld) - Matsushita Electric Industrial Co.Â (Panasonic) and HitachiÂ have agreed to mutually supply PDP (plasma display panel) screens to each other as part of a deal reached to help boost profits in the competitive business area. Panasonic will start to supply Hitachi with 103-inch plasma panels this year and Hitachi will supply 85-inch panels to Panasonic from 2008, they said in a statement. The deal means that each company will be able to offer TV sets in each screen size without producing both size panels themselves. The relationship should also mean a stable supply of panels. While Panasonic and Hitachi compete on the shop floor for consumer PDP TV sales they have been working together behind the scenes on PDP research, development and production since 2006. The PDP industry is coming under increasing pressure from manufacturers of competing LCD (liquid crystal display) technology and that's pushing down prices and shaving profits. Deals like that announced on Thursday are intended to help keep the business profitable. The competition is being felt through the entire PDP industry. Last week South Korea's LG Electronics said it willÂ cut back production of PDP screensÂ by closing the oldest of its three plants but not increasing production at its other two factories to compensate. As a result, monthly capacity will drop from 430,000 panels to 360,000 panels. In JanuaryÂ Pioneer put plans to build a new PDP factory on hold. It blamed poor sales in the U.S. over the year-end holidays for the decision. In the first quarter of 2007 shipments of PDP panels fell 1 percent compared to the same period last year -- the first time the industry has seen a year-on-year decline, according to DisplaySearch. The drop was attributed to a loss of market share to LCDs at screen sizes over 37 inches. Total PDP shipments in the first quarter were 2.3 million, the industry researcher said. Â
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Japanese electronics maker Hitachi said Friday it will sell personal computers made by Hewlett-Packard Co. that are designed for businesses under the Hitachi brand in Japan.
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Japan's Hitachi Ltd., Matsushita Electric Industrial Co. and Toshiba Corp. struck a deal to jointly make displays for flat-screen televisions, starting as early as July 2006, the companies said Tuesday.
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Matsushita Electric Industrial Co. Ltd.  and Hitachi Ltd.  are joining forces to battle fierce competition in the flat screen industry by adding each others' plasma display panels to their product line-up.
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Hitachi Ltd. will launch its digital video camcorder based on Blu-ray Disc in Europe in October, the company announced Friday at the IFA international consumer electronics show in Berlin.
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CHIBA, JAPAN -- Hitachi Ltd. and Toshiba Corp. unveiled this week new fuel cell prototypes for a range of applications that could be commercialized as early as next year.
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Bulgaria's government on Thursday approved a deal in which Czech energy provider CEZ a.s. acquired 67% stakes in the power distribution companies in Sofia City, Sofia District and Pleven for EUR281.5 million.
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Japanese technology companies Canon and Toshiba said Tuesday that they would invest $1.82 billion in a joint venture to manufacture advanced flat panel displays.
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The European Union (EU) is likely to place tariffs of more than 20% on flat-panel TVs exported to Europe, according to Liu Hai Zhong (transliterated from Chinese), spokesperson for Sichuan Changhong Electronics, as quoted by the China-based web portal Sohu
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Matsushita Electric Industrial Co. Ltd.  (6752.T) and Hitachi Ltd. (6501.T) are joining forces to battle  fierce competition in the flat screen industry by adding each  others&#39; plasma display panels to their product line-up.
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Japan&#39;s Sharp Corp. plans to spend up to 200 billion yen ($1.91 billion) to build a cutting-edge domestic plant to make liquid crystal display panels for flat-screen TVs, a business newspaper reported on Sunday.
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BusinessWeek Online - Outsiders haven't been allowed a glimpse yet. But rivals are already feeling uneasy. Deep in the Czech Republic, in a town called Kolin, Europe's newest auto plant is being put through its final paces before a March debut. The ultra-low-cost manufacturing joint venture between Toyota Motor Corp.  and PSA Peugeot Citroen (peugy.pk.PK) -- combining Japanese production expertise with French parts-purchasing might in Europe -- is sure to up the ante for volume auto makers, who already have to worry about surviving on razor-thin margins. ...