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

Sanyo May Not Make Plasma TVs
Nov 14, 2005
 Printable format
 Email this Article
 Search

Sanyo Electric Co. may sell its image display apparatus business and stop making plasma TVs, the Sankei newspaper said, citing company officials it didn't identify.

The reason for Sanyo to withdraw from the organic electro luminescence and plasma TV businesses is because of their low profitability, the report said. The company will concentrate on the home electric appliances business to increase revenue, it said.

"We are currently checking all the business lines in detail," Sanyo's Tokyo-based spokesman Akihiko Oiwa said. "Any specific plan has not been decided yet."

The plasma TV business may have difficulty posting a profit because the company buys the display panels from outside suppliers, he said.

The company said it will move 400 of its managers in Japan, or 10 percent of the total, to affiliated companies to cut costs.

In July the company announced a business plan that included cutting 14,000 jobs, or 15 percent of its workforce, over 3 years. (ShanghaiDaily.com)

Back to Daily News

 

Daily News

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

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows