lcd panel nec akita price

TOKYO, March 4 (Reuters) - Japan"s NEC Corpsaid on Wednesday it was considering closing a liquid crystal display plant in southern Japan, as the company faces a $3 billion annual loss amid a global glut in the LCD sector.

The factory, owned by NEC LCD Technologies Ltd, employs 370 workers and makes industrial-use LCD panels, mainly small to mid-size panels for products such as point-of-sale terminals and mobile devices.

NEC said in January that it was looking for ways to get out of the industrial LCD display-related business and cut its groupwide workforce by 20,000 people by March 2010.

NEC shares were up 2.7 percent at 229 yen as of 0415 GMT, outperforming a 0.3 percent gain in the benchmark Nikkei average. (Reporting by Taiga Uranaka and Sachi Izumi; Editing by Hugh Lawson)

TOKYO, March 4 (Reuters) - Japan"s NEC Corpsaid on Wednesday it would close a liquid crystal display plant in southern Japan in December, as the company faces a $3 billion annual loss amid a global glut in the LCD sector.

The factory, owned by NEC unit NEC LCD Technologies Ltd, employs 370 workers and has a monthly production capacity of 86,000 industrial-use LCD panels, mainly small to mid-size panels for products such as point-of-sale terminals and mobile devices.

NEC LCD Technologies said it will integrate production into another plant in Akita, northern Japan, and plans to halve its work force to 600 by March 2010 through voluntary retirement.

NEC said in January it was looking for ways to get out of the industrial LCD display-related business and cut its group-wide work force by 20,000 people by March 2010.

NEC shares gained 3.6 percent to 231 yen by 0521 GMT, against a 0.9 percent rise in the benchmark Nikkei average. ($1=98.44 Yen) (Reporting by Taiga Uranaka and Sachi Izumi; Editing by Michael Watson)

NEC Corp. said Friday it will cooperate with Tianma Micro-electronics Co. in the liquid crystal display business by handing over a 70 percent stake in its wholly owned LCD panel unit to China’s largest maker of small and midsize panels.

The move, to take place around July, is in line with the NEC’s efforts to exit unprofitable operations and focus on more promising business, including cloud computing and the production of batteries for electric cars, NEC said.

The subsidiary, NEC LCD Technologies Ltd., based in Kawasaki, will be renamed after the Chinese company acquires it, but the workers will keep their jobs.

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Sharp NEC Display Solutions incorporates both Sharp and NEC brands of display products. Including desktop, 4K and 8K UHD large format, video wall, dvLED, collaboration and interactive products, Sharp/NEC offers the widest portfolio of displays available. Understanding that every market and environment has unique requirements, Sharp/NEC prides itself on being your partner, delivering customized solutions to match your needs.

According to a variety of wire sources, NEC factories in both the Iwate and Fukushima prefectures have been closed because of electricity and water supply problems. Fujitsu announced on Monday that it shut down 10 plants Hitachi has closed down six factories. Canon has closed eight factories, and Nikon has closed four facilities.

Through its U.S. operation, Sharp issued a statement expressing “deepest sympathy to all the people affected by this earthquake. There are no extensive damages to our buildings or production facilities in Japan including our plant located in Yaita-city, Tochigi prefecture.” Its LCD panel-production facilities located in Sakai-city, Kameyama-city, Taki-cho and Tenri-city are operating normally.

Commenting on the effect of the earthquake and subsequent events on the LCD panel manufacturing sector in Japan, David Hsieh, vice president, Greater China Market at DisplaySearch, issued an email blast saying that “Some TFT LCD factories located in the impacted area, including Hitachi Display (Chiba prefecture), NEC’s Gen 2 (Akita prefecture), Toshiba’s Fukaya and Ishikawa factories, as well as Epson’s Gen 2, were reportedly not damaged by the earthquake. But it is very likely that these factories have paused production to gauge the impact and calibrate the facilities. These factories are all focused on small/medium panels, and their share in the industry is very minor. We are assuming that there will be no major impact to the TFT LCD industry as a result.”

“The majority of the TFT LCD industry,” Hsieh continued, “is not located in the area most heavily impacted by the earthquake. Sharp’s Gen 8 and Gen 10, Panasonic LCD’s Gen 8, and NEG’s glass tanks are all located in the Kansai area, which does not appear to have been affected by the earthquake. Key LCD component makers, like Nitto Denko, DNP, Sumitomo, Toppan, and Corning, have located most of their facilities in west Japan. These LCD and components clusters do not appear to have been affected.”

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