JVC Closing Ancient CRT And LCD TV Plant In The UK

JVC lost a considerable amount of money this year despite strong LCD TV sales, mainly because of the company's stubborn refusal to let go of CRT and rear-projection sets. I guess losing millions will make the most stubborn corporations move a little quicker as the company announced that they will be closing a JVC UK plant in East Kilbride, United Kingdom. The plant has been around since 1987 and produces both CRT and LCD TV's. With flat-panel prices dropping fast, only 25% of the UK-produced TV's sold inside the UK, and an expanding Eastern European production market, JVC decided it was best to shut down production by July and sell everything. Look for a move into Eastern Europe in the near future, and once there, JVC says they'll no longer produce panels internally, instead outsourcing production, and buy all the need LCD TV parts locally.

Read More in: LCD TV

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