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Category: Technology Various

Toshiba, Hitachi, Panasonic Shut Down LCD Plants for a Month

Written on March 18, 2011 by Kristoff Jones

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From natural disaster to economic downturn, Japan's LCD suppliers shut down due to damages from last Friday's earthquake.

Following a treacherous 8.9 magnitude earthquake and tsunami last Friday in , providers , and are reporting that they are closing down their plants due to damages. Toshiba and Hitachi announced that they will halt assembly lines for around a month, while Panasonic, on the other hand, isn’t sure when it’s Chiba-based plant will get back on its feet.

Experts shared that such shutdowns could threaten the global supply of LCDs for and automakers, potentially leaving a dent in corporate profits and economic growth in general. Although car industries in Japan wouldn’t have to worry much about the supplies because car production in the country is down anyway.

According to Macquarie Capital Securities analyst Damian Thong, “…given that the market for outside Japan is pretty active, supply disruptions there could cause problems for some handset makers of some models.”

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