Japan's Matsushita targets 40 percent boost in flat-tv sales: report
Time is GMT + 8 hours Posted: 28-Apr-2008 05:37 hrs
Japan's electronics giant Matsushita Electric Industrial employee shows flat screen tvs. Japan's Matsushita aims to boost its global sales of flat-panel televisions in the year to March 2009 by 40 percent from the previous year, fuelling industry competition, a report said Sunday.
Japan's Matsushita aims to boost its global sales of flat-panel televisions in the year to March 2009 by 40 percent from the previous year, fuelling industry competition, a report said Sunday.
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Matsushita Electric Industrial Co., best known for its Panasonic brand, targets global sales of 11 million units by raising production capacity in China and Russia, the Nikkei economic daily said.
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It also plans to step up efforts to expand its sales networks in the United States, it said without naming sources.
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If achieved, the global sales would push Matsushita from sixth to third place in the market after South Korea's Samsung Electronics Co. and Japan's Sony Corp., the report said.
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As Sony plans to hike its global sales of flat-panel televisions by 50 percent, industry competition is likely to intensify further, it added.
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Matsushita declined to confirm the report.
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"We will disclose our plan on flat-panel television business when appropriate," a company spokeswoman said.
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Amid cut-throat competition, Victor Co. of Japan (JVC) said Friday it would stop almost all domestic production of flat-panel televisions and shut a plant in Britain. — AFP
