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Relevant Press Releases
FOR IMMEDIATE RELEASE MEDIA CONTACTS: Matsushita Electric Industrial Co., Ltd. Toray Industries, Inc. Akira Kadota, International PR Corporate Communications Section Tel: +81-3-3578-1237 Te: +81-3-3245-5179 Fax: +81-3-3436-6766 Fax: +81-3-3245-5459 Panasonic News Bureau Tel: +81-3-3542-6205 Fax: +81-3-3542-9018
Panasonic and Toray to Build World's Largest
Plasma Display Panel Plant in Japan
new plant to boost Panasonic's PDP output to over 11 million panels per annum via production technology yielding world-first eight panels per sheet -
Osaka, Japan - Panasonic, the brand for which Matsushita Electric Industrial Co., Ltd. is best known, and diversified chemical group Toray Industries, Inc. today announced plans to build a new plasma display panel (PDP) manufacturing facility in Japan. The facility will be the fourth plant of their PDP joint venture, Matsushita PDP Company Ltd. (MPDP), giving Panasonic the largest PDP production capacity in the world.
With an investment of 180 billion yen, the world's largest PDP plant will be situated next to MPDP's third PDP plant in Amagasaki, Japan. The new plant will have a production capacity of 6 million panels per year (calculated on the basis of 42-inch screen-size panels).
MPDP will start construction of the new plant in May this year with production scheduled to commence in July 2007. When it reaches its full capacity by March 2009, Panasonic's total PDP output will be lifted to 11.1 million panels per year. The new plant is Panasonic's fifth PDP manufacturing facility. In addition to three other MPDP plants (two in Ibaraki and one in Amagasaki), Panasonic runs Shanghai Matsushita Plasma Display Co., Ltd. in China. The sheer size of its new production capacity reinforces Panasonic's leadership in the global flat-panel TV market.
"The new plant will employ state-of-the-art process technologies and production systems that are more advanced than those of the third plant in Amagasaki, which began production in September 2005," said Mr. Ken Morita, President of MPDP. "The new systems and technologies will bring greater mass production efficiencies to the whole process while ensuring higher quality. Our new process technology allows a single substrate to yield up to eight 42-inch panels, the highest number in the world. According to a comprehensive production strategy aimed at further enhancing production efficiencies in all PDP plants, each production line will be specialized by screen size. As a result, MPDP will be able to supply PDPs with more speed and flexibility to meet the surging world demand."
The PDP market originated in Japan and has quickly evolved into a huge global market driven by the worldwide trend towards digital high-definition broadcasting. Demand for PDPs in North America and Europe now far exceeds demand in Japan. The growing market in China, the host country of the 2008 Summer Olympic Games, also is poised to outpace the growth in Japan.
Japan's demand for crisp and clear picture, large-screen plasma TVs will be pushed by nationwide expansion of digital terrestrial broadcasting expected by the end of this year and the cessation of analog broadcasting by 2011. In other regions, such as Southeast Asia, PDP demand is expected to develop as digital broadcast infrastructure is built.
Mr. Morita said, "As plasma has technical advantages in producing large panels not only in terms of performance but also production and cost efficiencies, PDPs will gain more popularity as a multipurpose display for business, educational and medical applications as well as home theater use."
"Panasonic anticipates the global PDP market will expand to 25 million panels by 2010. With its annual output capacity of over 11 million panels, we aim to be the world's top manufacturer of PDPs by enhancing our global share to over 40 percent."
Positioning PDP as one of their core businesses, Panasonic and Toray are committed to running MPDP together and making a significant contribution to the progress of the audio-visual industry on a global scale.
Profile of New Manufacturing Facility
|Name:||Matsushita PDP Company Ltd. Fourth Plant|
|Location:||Amagasaki City, Hyogo Prefecture, Japan
(on the same site with the third plant) (lot area: approx. 147,000 square meters)
|Investment:||180 billion yen (Approx. US$1.53 billion)
(including plant construction and equipment costs)
Senior Vice President, Panasonic AVC Networks Company
Executive Officer, Matsushita Electric Industrial Co., Ltd.
|Business Activities:||Production and sales of plasma display modules and related products|
|Capacity:||500,000 units per month|
|Construction:||Groundbreaking in May 2006|
|Production:||To commence in July 2007|
|Employees:||Approx. 600 (initial stage)|
|Floor Space:||Approx. 192,000 square meters|
Best known by its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of US$81.44 billion for the year ended March 31, 2005. The company's shares are listed on the Tokyo, Osaka, Nagoya, New York (NYSE:MC), Euronext Amsterdam and Frankfurt stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.co.jp/global/index.html.
Toray, a leading diversified chemicals corporate group, has been technology-focused since its foundation in 1926. The company's operations are underpinned by technological expertise in organic synthetic chemistry, polymer chemistry, and biochemistry - Toray's three core technologies. These innovative technologies have yielded "advanced materials?that Toray is now exploiting to provide customers with comprehensive solutions through Fibers and Textiles, Plastics and Chemicals, IT-related Products, Housing and Engineering, Pharmaceuticals and Medical Products, New Products and Other Business divisions. In FY2004, Toray had consolidated sales of 1,299 billion yen (approx $12.1 billion), and over 33,700 employees worldwide. For further information, please check www.toray.co.jp.