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By Sachi Izumi and Rhee So-eui Stocks TOKYO/SEOUL, Jan 9 (Reuters) - Japanese electronics makerPanasonic Corp (6752.T) will cut its investment in two newflat-screen TV plants by about $1.5 billion and exitunprofitable businesses as the global economic slump slices intoits profits charlote bobcats . But the world's largest plasma TV maker said it also aims toboost its flat TV unit sales by 50 percent next business year tocement its position, though rivals such as No basketball . 2 SamsungElectronics Co (005930.KS) and third-ranked LG Electronics Inc(066570.KS) are also targeting bold growth basketball tickets . Weakening economies around the world have been eating into demand for flat TVs, digital cameras and other electronicsproducts, with Hitachi Ltd (6501.T) -- Japan's top electronicsmaker -- expecting to miss its LCD TV sales target by as much as10 percent in 2008/09 bickerstaff .

[ID:nN08200013] Panasonic, which changed its name from Matsushita Electriclast year, had said in November it would need to restructure toweather a downturn that has already forced Sony Corp (6758.T)and other rivals to shutter plants and cut jobs charlotte bobcats hotel . The company said on Friday it would cut investment through2012 on two flat TV plants under construction in Hyogoprefecture, near Osaka, by 135 billion yen ($1.5 billion) to 445billion yen blairsville bobcats Bobcats tickets - nba . "We will aim for a bigger growth than the industry as wecope with a slowdown in the market," Panasonic president FumioOhtsubo told a briefing bob crosby bobcats . "We will carefully follow the markettrend, we hope to win the cut-throat competition bobcat arena . "We will not consider the planned cut in investment as anegative move." Panasonic aims to sell 15.5 million plasma and liquidcrystal display (LCD) TVs in the year starting in April, up fromestimated 10.3 million units in 2008/09 as it plans to increaseline-ups and expand sales channels.

LG said it aims to raise its LCD TV sales by 50 percent to18 million sets this year and its plasma TV sales by 7-25percent to 3-3.5 million units [ID:nSEO349960] Samsung, which ranks No Charlotte Bobcats . 1 in LCD TVs and second in plasmaTVs, targets to sell at least 26 million flat-screen TVs in2009, according to Yonhap News bobcat arena tickets nba.com - bobcats . That would be a growth of 10percent for LCD TVs and a third for plasma from last year.[ID:nSEO96022] AMBITIOUS TARGETS Research firm DisplaySearch has forecast the LCD TV marketto grow 17 percent in 2009 in unit terms, slowing from a 29percent increase in 2008 bobcat basketball . Plasma TV growth is expected to suffer an even sharperslowdown, with total market size seen growing only 5 percent in2009 compared with a 24 percent rise in 2008, DisplaySearchsaid . Along with the slumping demand, margins are also underpressure with plummeting TV prices as makers and retailers tryto clear piling inventories.

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