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Sharp to spend $3.2bn on LCD panel factory


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To make panels


Sharp wants to spend $3.2 billion on a new LCD panel factory that will form the core of a new flat-panel industrial park.

In a company press release the electronics maker said that The factory will be built the city of Sakai, located in the southern part of Osaka prefecture, about 250 miles west of Tokyo.  It will be online in 2010.

Other companies will also be involved in the project.  The idea is to bring the different component makers into one park to reduce costs.  Already Japan's Asahi Glass has signed up to take part as has Dai Nippon Printing which manufactures colour filters.
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