Funai Electric to Increase LCD TV Output Capacity at Thai Plant

Funai Electric Co., a Japanese maker of audio-visual equipment, plans to increase production capacity for liquid-crystal display televisions by 54 percent at its factory in Thailand amid rising global demand.

The Osaka-based company aims to raise monthly capacity at its factory in Nakhon Ratchasima to 200,000 television sets per month, Naoyuki Takanaka, a company spokesman, said today in response to a Nikkei newspaper report. If market conditions improve further, the target could be reached as early as the end of March 2012, he said.

The company spent almost 1 billion yen ($12 million) in June to increase monthly production capacity to 130,000 units from 50,000 units at its Thai plant, according to the Nikkei report.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE