JVC Shuttering Japanese TV Plants

In an effort to become more profitable, JVC said Friday that it is closing down its Japanese LCD manufacturing facilities as well as those in Scotland and will instead move the work to its plant in Thailand and a contract manufacturer in Poland, TWICE reports. The company will not, however, cease selling LCD TVs in Japan as had been rumored -- but it will now only sell 42-inch and larger models there, which are more profitable.