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Pioneer sheds plasma panel factory

Posted: 04 Jul 2008 ?? ?Print Version ?Bookmark and Share

Keywords:plasma panel factory? field emission displays? Japan?

Pioneer Corp. has started negotiations to sell its plasma display panel factory to a flat-panel developer funded by Sony Corp., according to a report from JCN Network. Pioneer's factory in Kagoshima Prefecture, southern Japan, will stop PDP production in January 2009.

Pioneer and Field Emission Technologies Inc. have yet to agree on the value of the deal, but it is estimated to be from $188 million to $282 million (20 billion to 30 billion yen). According to the report, which cited sources familiar with the matter, some of the factory's 600 workers may be hired by Field Emission Technologies, which develops field emission displays (FEDs) for next-generation flat-screen TV sets.

The Sony spin-off has established a mass FED production technology and now needs a production foothold. The company hopes to begin full output by end of 2009 if it buys the Pioneer factory. The factory is expected to ramp up 10,000 units of 26-inch panels monthly.





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