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Optoelectronics/Displays??

Hitachi to withdraw from U.S. CPT market

Posted: 04 Mar 2002 ?? ?Print Version ?Bookmark and Share

Keywords:hitachi? cpt? hitachi electronic devices? display products group? thomson multimedia?

Hitachi Ltd is withdrawing from the CPT business in the U.S., as part of the restructuring of its Display Products Group. As a result, Hitachi Electronic Devices (USA) Inc., located in Greenville, South Carolina, will shift its primary product focus to projection tubes used in projection TV receivers and sell its CPT production equipment to Thomson Multimedia. The move will take effect, by the end of the month.

Yosuke Nakanishi, president and CEO of Hitachi Electronic Devices (USA), said, "Changes in our markets have been dramatic and have necessitated a change in our manufacturing focus in the Greenville plant in order to improve the outlook for our operations. These market conditions have dictated that we concentrate on tubes for large screen projection TV receivers. As a result, the production of direct view color TV receiver tubes is being phased out."





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