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Friday, June 24, 2005
FPDC to Quit PDP Business

Formosa Plastics Group FPDC may sell its PDP production lines to China-based companies.

The information comes just a few days after Formosa Plastics Group (FPG) invested NT$3 billion in its subsidiary Formosa Plasma Display Corporation (FPDC). The company plans to transfer technicians to China as well, according to sources at FPDC.

The story is available from Taiwanese FPDC was unavailable for comment at the time of publication.

In March, FPDC denied rumors that it had suspended its operations after incurring huge losses, though the company did admit that it was lowering its production output. The company was established by FPG (77.5%) and Japan-based Fujitsu Hitachi Plasma Display (FHP) in 2002.

If FPDC sells its PSP business, Chunghwa Picture Tube (CPT) would be the only Taiwan-based PDP maker. Earlier this year, CPT was reported by Pacific Epoch as planning to set up a joint venture with Taiwan Semiconductor Manufacturing Company (TSMC), and Quanta Computer to produce PDPs in China.

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