Kyocera, the famous in-car LCD manufacturer, recently made an announcement to close its LCD factory in Suzhou, China in November 2021. According to industry sources, Kyocera closed its LCD factory in Suzhou mainly because of increased market competition, but of course this does not mean that Kyocera will completely withdraw from the Chinese market.
Kyocera reportedly specializes in the production of STN liquid crystal displays, with an annual output value of 3 billion yen. After the closure of the plant, the production of automotive displays will be brought together to the factory located in Dongguan.
International relations affect foreign investment in mainland China
The financial scholar commander lamented the closure of Kyocera’s factory in Zhangjiagang, Suzhou. He said to the station this Friday (19): “The domestic media reports that the reason for the closure of the plant is due to the first generation of automotive liquid crystal display currently speaking, the market competition prospects are not good, restructuring and strategic adjustment. I analyze the reason behind may be related to Sino-Japanese relations and changes in China’s foreign trade situation.”
Kyocera, a Japanese-owned company in China, announced the closure of its factory in Suzhou in November 2021. (Web image)
Kyocera enterprise was established in 1997, in addition to the production of automotive LCD monitors, but also the production of industrial machinery equipped with displays, and in China Dongguan, Japan, and Thailand factory. This Time, the Suzhou Zhangjiagang plant closed, 740 people are expected to be laid off.
More large Japanese companies to withdraw from mainland China in the future
Public opinion believes that Kyocera closed its Suzhou LCD plant mainly because of the high price of local labor and fierce competition. In response, Wang Ning, head of an enterprise in the high-tech industrial park in Kunshan, Jiangsu Province, said in an interview with this station, Kyocera closed the Suzhou plant believe that after careful consideration, with the characteristics of The Japanese thinking, Kyocera Dongguan plant may also be closed in the future. She said, the future will have more Japanese companies to pull out of mainland China: “Japanese planning to go, has not been a year, two years, and the Japanese do this kind of thing is not to say that today ready to go, tomorrow, they are to plan a long time, of course, with the current international trend is still relevant. He will not be like us (Chinese) so pat on the head on the decision, he decided, will not say this month’s decision, the next month to go, once decided, the implementation process will be very long. If it’s the Koreans, they make decisions very quickly.”
According to reports, at present, in addition to Suzhou, Dongguan, Kyocera also has LCD factories in Japan, Thailand and other places. Over the past three years, many display manufacturers have withdrawn from mainland China, including Samsung Electronics, Omron, Nitto Denko and Epson and other internationally renowned brands.
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