Toshiba ends LCD TV production in Japan

Toshiba TV

Toshiba has ceased production of its Regza LCD TVs in Japan due to falling demand, reports the BBC.

The Japanese manufacturer told the Beeb it has ended manufacturing at its plant in Fukaya, Saitama Prefecture. Toshiba has other LCD factories in Poland, Egypt, Indonesia and China.

The company is due to hold a press conference later today.

The global TV manufacturing business is going through unprecedented turmoil right now, with Sony and Panasonic – among others – racking up huge financial losses on their TV operations.

Earlier this week, Panasonic and Sony announced they would join forces to develop the next-generation of OLED TVs, a move that a few years ago would have seemed unthinkable.

Fierce competition from South Korean companies LG and Samsung has added to the woes of the Japanese TV makers. Hitachi has also said it will halt domestic production of television sets.

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Andy Clough

Andy is Global Brand Director of What Hi-Fi? and has been a technology journalist for 30 years. During that time he has covered everything from VHS and Betamax, MiniDisc and DCC to CDi, Laserdisc and 3D TV, and any number of other formats that have come and gone. He loves nothing better than a good old format war. Andy edited several hi-fi and home cinema magazines before relaunching in 2008 and helping turn it into the global success it is today. When not listening to music or watching TV, he spends far too much of his time reading about cars he can't afford to buy.