January 23, 2012 11:20 am EDT

Hitachi to halt domestic production of Wooo LCD and plasma TVs, Mitsubishi to axe optical discs?

Hitachi's line of domestically produced Wooo TVs is coming to an end, now that the manufacturer has confirmed plans to close a major plant in central Japan. In an announcement issued today, Hitachi said it will shutter its factory in Gifu, where some 100,000 LCD and plasma TVs are produced each month. Citing industry-wide price competition as the deciding factor, the company went on to clarify that the facility will shut down by September of this year, and that it will instead be used to manufacture projectors and chips. Hitachi will, however, continue to offer non-Wooo TVs manufactured by non-Japanese contractors. Japan's Asahi Shimbun, meanwhile, is reporting that Mitsubishi has decided to terminate domestic production of DVDs and Blu-Rays, due to declining sales of each. From now on, optical disc manufacturing will instead be outsourced to partner companies in India and Taiwan. For more details, check out the post-break press release.

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Hitachi to halt domestic production of Wooo LCD and plasma TVs, Mitsubishi to axe optical discs? originally appeared on Engadget on Mon, 23 Jan 2012 06:20:00 EDT. Please see our terms for use of feeds.

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