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>> Sharp decided to cut the output of the main LCD panel plant in December more than 10% 30th,Mar,2017
Sharp Corp. (6753-JP) has decided to cut its production in the main LCD panel plant in Kameyama, Mie Prefecture, since mid-December, with a reduction of more than 10%.
This will be the first time since the opening of the Kameyama plant in 2004, the panel factory can produce the equivalent of 2.1 million 32-inch LCD panel per month. Sharp will assess the size of the actual cut after assessing the sales at the end of the year.
Even in normal times, panel makers will cut by a few percentage points by the end of the year, as demand will usually fall. However, according to DisplaySearch statistics, the global third quarter of this year, LCD panel shipments have been reduced by 1% compared with the second quarter.
As the financial crisis dragged down the global economy and suppress consumer spending, the world's largest panel factory Samsung Electronics (005930-KR) has cut production by 5%. LG Display (034220-KR; LPL-US), AUO (2409-TW orders) and Chi Mei Electric (3009-TW) have also cut production.
Sharp is the world's fifth largest panel manufacturer, with a market share of just over 10%. The company is building a panel plant in Sakai, Osaka Prefecture, and remains operating at the end of 2009.
In the Japanese manufacturers, Panasonic Corp. (6752-JP) has announced that it will cut LCD panel capacity by about 10% between mid-December and the end of January.
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