Cut

Samsung says not planning sharp cut in LCD output

Reuters News
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Posted: Aug 30, 2011 9:33 PM
Samsung says not planning sharp cut in LCD output

SEOUL (Reuters) - Samsung Electronics Co denied a media report that it was planning to cut flat-screen production for televisions by four-fifths by the end of this year due to tumbling demand, and reiterated that it would keep production flexible.

"We are not planning any artificial cut in production and will keep production flexible to meet customer demand," Samsung said in a statement.

The Korea Economic Daily reported late on Tuesday that Samsung may cut TV LCD output sharply.

(Reporting by Miyoung Kim; Editing by Jonathan Hopfner)