Sharp Suspends LCD Production at Two Plants

Posted Wed Apr 13, 2011 at 11:00 AM PDT by Dick Ward

The company doesn't expect to open them back up until May at the earliest.

The recent disaster in Japan has resulted in the closure of many businesses due to damage and infrastructure concerns, but another problem has come up for Sharp. They've temporarily shut down two plants due to a lack of materials.

Sharp says that materials and natural gas are scarce at the moment, and are utilizing them only for the products that are most in demand, like smaller LCD sets. Sharp also says that they currently have enough televisions in stock to last them around a month.

The company hopes to resume production as early as May 6th, but has not set a date in stone. Analysts say the shutdown could cost Sharp up to 50 billion yen in revenue.

Source: Business Week (via Engadget

See what people are saying about this story in our forums area, or check out other recent discussions.

Tags: Industry Trends, Sharp (all tags)