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January 10th, 2007
Panasonic and Toray to Build the World's Largest Plasma TV Plant
atsushita Electric Industrial Co., Ltd. (Panasonic (NYSE symbol: MC)), best known for its Panasonic brand, and diversified chemical group Toray Industries, Inc. (Toray), today announced plans to build a new plasma display panel (PDP) manufacturing facility in Japan. It will be the fifth PDP plant of their joint venture, Matsushita PDP Company Ltd. (MPDP), enabling Panasonic to further step up its PDP production capacity, making it by far the largest PDP manufacturer in the world.
About Toray Toray, a leading diversified chemicals corporate group, has been technology-focused since its foundation in 1926. The Company's operations are underpinned by technological expertise in organic synthetic chemistry, polymer science, biotechnology and nanotechnology - Toray's core technologies. These innovative technologies have yielded "advanced materials" that Toray is now exploiting to provide customers with comprehensive solutions through Fibers and Textiles, Plastics and Chemicals, IT-related Products, Carbon Fiber Composite Materials, Environment and Engineering, Life Science and Other Businesses divisions. In the ended March 31, 2006, Toray had consolidated sales of US$12.1 billion, and over 34,600 employees worldwide. For further information, please check the Company's website at http://www.toray.com .
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