Japanese electronics giants Matsushita and Toray Industries are to open a second plant to increase their joint production of plasma display panels (PDP) to over 1.5 million per annum, the firm said yesterday.
PDPs are slimmer, flatter and brighter than other types of screens and can produce up to 16 million different colours.
The Ibaraki-based plant will produce around 80,000 PDPs per month, Matsushita said.
The plant will cost 60bn Yen (£330m) and will be operated by the joint subsidiary, Matsushita Plasma Display Panel.
The move will be a major boost for the plasma panel industry given the global slump in IT spending.
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