Fujitsu, Hitachi aiming high for sales

MARCH 8–TOKYO–A plasma display panel (PDP) joint venture between Fujitsu Ltd. and Hitachi Ltd said on Monday it planned to nearly triple sales to$1.78 billion by the business year to March 2007.

Fujitsu Hitachi Plasma Display (FHPD) Ltd., a 50-50 venture between the two firms, said it expected sales to reach 120 billion yen in the next business year starting in April after an estimated 78 billion in the current business year to March 31.

FHPD said that it also plans to invest $669 million to build a third PDP factory in 2005, becoming the latest PDP maker to boost output capacity to meet rising demand for flat-panel televisions.

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