Convergencia Research, Consultoría especializada en Latinoamérica y Caribe
Friday, June 17, 2005

Philips will close its cell phone liquid crystal display factory

The company informed yesterday night that it will cease to produce liquid crystal displays for mobile phones. The 350 employees of the production line will be redistributed toother parts of t he factory, located in Manaus (state of Amazonia).

 

According to Phillips, the product lost competitiveness after the increase of some taxes in Manaus. Besides, the company blamed the lack of governmental incentives for closing the production line.

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