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LG cuts down on LCD production

AFP:LG Display, the world’s second-largest liquid crystal display maker, has cut down on production in the short term amid a global supply glut and falling prices, a report said Sunday. The South Korean company plans to reduce its total LCD production by about 10 percent until August, Yonhap news agency said, quoting an LG official and industry sources. Samsung Electronics, the world’s largest LCD manufacturer, has said it has no immediate plan to cut down on the production of its flat-screen panels.
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