Sony Corp. said it will continue producing plasma TVs, following a report by the Nihon Keizai Shimbun that the consumer electronics company plans to pull out of the plasma television business as early as spring 2005.
"Sony will concentrate on LCD [liquid crystal display]--and rear projection--TVs in our flat television businesses. It also will continue production and sales of plasma display TVs," the company said.
A spokeswoman for Sony said there is no plan at this point to withdraw from the plasma television business.
Without citing sources, the Nihon Keizai Shimbun reported that as part of its plan to withdraw from plasma TVs, Sony would phase out manufacturing of these units at production sites in Ichinomiya in Aichi, central Japan; Barcelona, Spain; Wuxi, China; and Pittsburgh, U.S.
The newspaper reported that the firm is considering to cease selling these sets as early as spring, but it will continue to provide after-sales service to customers who purchased them.
The paper also said that production lines at the four sites are expected to begin producing LCD TVs and rear-projection models in place of plasma sets. (AFX)
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