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 Two UK Plants
May 23, 2003
 Printable format
 Email this Article
 Search
LG.Philips Displays announced the planned closure of its plants in Newport, Wales and Southport, England and began consultations with employees and trade union representatives. At Newport, 870 jobs will be lost when production ceases in the middle of August 2003, while 71 jobs will go at Southport when that plant closes at the end of this year or early 2004.

The company's plant at Newport in South Wales produces color display tubes, or CDT, for monitors and color picture tubes, or CPT, for televisions as well as deflection yokes. A sharp decline in the market for CDTs, due to increasing competition from other display technologies also supplying products for use in computer monitors, and severe downward pressure on prices for CDT and CPT, are said to be the primary reasons for the closure.

The Southport plant produces ferrite powder for deflection yoke rings, which are used in the production of computer and television tubes. The decision to close the plant was taken when it became clear the site was simply no longer viable. This is because the powder it produces for the manufacture of television tubes can now be sourced much more economically in China. Tool supplies can now also be provided by local manufacturers to the LG.Philips Displays plants in China and Poland. LG.Philips Displays is a joint venture between LG Electronics Inc and Royal Philips Electronics N.V. (Reuters)

Back to Daily News

 

Daily News

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

Sep 12, 2014: AHRI Suggests Changes to EPA on Proposed SNAP Amendment

Sep 12, 2014: Consumer Confidence Index Up in August

Sep 12, 2014: August 2014 Housing Starts in Canada

Sep 11, 2014: Middleby Acquires Commercial Coffee Machine Producer Concordia

Sep 11, 2014: Electrolux Again Ranked Industry Leader in the Dow Jones Sustainability World Index

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