Nagase recalls China-made DVD players

Japan: The Japanese company Nagase initiated.a recall of about a half-million DVD players, flat-screen TVs, and digital picture frames with liquid crystal displays produced in China and imported to Japan, as.the screens might overheat and catch fire (although there have been no reported cases). The company estimates that the recall will cost about JPY14bn (USD115m). Nagase didn't name the producer but said it would ask them to bear part of the recall costs that amount to Nagase's profit of the past business year.

Source: Reuters News, 17 July 2007
Asian Casualty Report 10th Edition June 2008 – Gen Re