Panasonic looking to end plasma screen production

Troubled electronics giant Panasonic is looking to end its production of plasma screens as part of a downsizing of its television business.

Japan’s Nikkei newspaper reports the company anticipates its television business, which earned $US10.5 billion at its peak in 2009-10, will see its revenue shrink to less than half that figure by 2015-16.

“We are considering a number of options regarding our TV business. But nothing has been decided yet,” a Panasonic spokesperson told Reuters.

The company intends to end plasma panel production at its main factory in Amagaskai in 2004, having already written off the value of all of its plant and equipment at the facility.

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