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Manufacturing/Packaging  

Matsushita closes display subsidiary operations in Malaysia

Posted: 31 Jul 2006     Print Version  Bookmark and Share

Keywords:Matsushita  MT Picture Display  MTPDM  Toshiba  CRT 

Matsushita Electric Industrial Co. Ltd, best known for its Panasonic brand, announced plans to discontinue operations at MT Picture Display Sdn. Bhd. (MTPDM) in August, and to begin closing/liquidation procedures. MTPDM is a subsidiary in Malaysia of Matsushita Toshiba Picture Display Co. Ltd (MTPD), a joint venture of Matsushita and Toshiba Corp.

MTPDM, which manufactures CRTs for 21- to 32-inch TVs for the Japanese and North American markets, has faced declines in demand for CRTs and intensified price competition due to increasing sales of flat-panel TVs in their respective markets. This closing is a part of MTPD's restructuring initiatives in order to establish an optimum CRT manufacturing structure in Asia and China.




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