TOKYO (dpa) – Japanese firm Sharp Corp could cease television production for the North American market, local media reported Friday, the latest in a string of Japanese electronics makers ending overseas output amid competition with Asian rivals.
The struggling consumer electronics maker is considering selling its plant in Mexico around March 2016, ending the manufacture there of liquid crystal display televisions for the North American market, the Kyodo News agency reported, citing unnamed sources.
Sharp, however, is expected to continue selling some high-end models such as super high-definition 4K TVs by commissioning other companies to produce them, Kyodo said.
“Nothing has been decided,” a spokesman for Sharp said.
Last year, Sharp said it would stop TV production and sales in Europe by selling its plant in Poland to Universal Media Corporation in Slovakia.
On Tuesday, Sharp predicted its third annual net loss in four years due in part to falling sales of TV and smartphone displays.
Major Japanese television producers such as Sharp have faced intensified competition from Chinese and South Korean rivals.
Toshiba Corp is reportedly is in talks to sell factories in Indonesia and Egypt to streamline its operations and improve earnings, while Panasonic Corp has also decided to stop making televisions in China, Kyodo said.