Sharp to Close Two LCD Lines in Production Reorganization

From PC World: Sharp plans to close two LCD (liquid crystal display) production lines in Japan as part of a reorganization that's intended to strengthen its position in the competitive flat-panel market.

The company will shift production of small and medium-size panels from factories in Mie and Tenri in central Japan to one of its factories in Kameyama, which is in western Japan. The panels in question are used in products such as cell phones, computers and televisions. Slumping demand for such devices is pushing down the price of LCD panels and putting pressure on profits in the business.

The shift of production from the lines, which are more than 10 years old, to the newer Kameyama factory will help improve efficiency.

Sharp stressed that the reorganization, which is due to begin in early 2009, won't mean major cutbacks in its LCD business.

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