Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG.Philips Displays to Close UK, German Plants
Dec 2, 2003
 Printable format
 Email this Article
 Search

LG.Philips Displays, a joint venture of Dutch Philips Electronics and Korea's LG Electronics said that it would close down two factories in Germany and Britain.

The company, which produces Cathode Ray Tube (CRT) monitors mainly for televisions and computers, said in a statement the closure would involve about 1,000 jobs in Aachen, Germany, and 265 jobs in Simonstone, Britain.

The Aachen plant has produced picture tubes since 1954 and currently makes high-end products, which are competing with increasingly popular flat TV screens. It is running at just 60 percent of its capacity, an LG.Philips Displays spokeswoman said.

Both Aachen and the Simonstone glass factory, opened in 1960, will be closed in mid-2004.

LG.Philips Displays, which has seen prices of old-style picture tubes drop by 20 percent this year alone, also plans to cut jobs at two other factories in Durham, Britain, and Dreux, France.

The spokeswoman declined to elaborate. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows