Wednesday, April 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Introduces Riff And Scrapbook
The White House Targets Cyber Attackers With New Sanctions Program
Uber Files Complaints Against Service Bans
Yahoo Autos Is Launching Today
GoDaddy Enters The Wall Street
Amazon Button for Instant Product Ordering
Sony To Sell Olympus Shares
Tech Industry Enjoys April Fools' Day
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > General Computing > Epson T...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, February 02, 2011
Epson Transfers of All Equity in Epson Subsidiary to Sony Group


Seiko Epson and Sony today announced they have executed an agreement for Sony (China) Limited, a wholly-owned subsidiary of Sony, to acquire all of the equity of Suzhou Epson Co., Ltd. ("Suzhou Epson"), a wholly-owned subsidiary of Epson located in China that is engaged in small- and medium-sized TFT LCD production.

As part of its corporate vision and mid-range business plan, Epson is completing business structure reforms in its small- and medium-sized TFT LCD business. In implementing these reforms, in April 2010 Epson transferred to the Sony Group certain assets of the small- and medium-sized display front-end process manufacturing-related business operated by its subsidiary, Epson Imaging Devices Corporation. Epson has now determined that it would also be beneficial to transfer Suzhou Epson, which undertakes the back-end and touch panel assembly processes of Epson Imaging's display business, to the Sony Group.

The Sony Group expects that the acquisition of Suzhou Epson will enhance the speed and efficiency of business operations of the Sony Group's small- and medium-sized TFT LCD production through a cohesive operation, which includes integrating manufacturing operations of TFT LCDs from back-end and touch panel assembly processes undertaken by Suzhou Epson to the front-end processes undertaken at Sony Mobile Display Corporation's Tottori Plant located in Japan and other facilities. Through the acquisition of Suzhou Epson's production capabilities for touch panels and LCDs for in-car units and smartphones, Sony aims to further strengthen its TFT LCD production capacity to meet increased market demand.

The Sony Group has been utilizing Suzhou Epson for the back-end process of small- and medium-sized TFT LCD production. The purchase price of this contemplated acquisition is 775 million Yuan ($118.2123 million), which was determined primarily based on Suzhou Epson's inventories corresponding to the orders already placed by the Sony Group as well as the cash and deposits owned by Suzhou Epson.

Epson and Sony plan to complete the transfer of all Suzhou Epson equity from the Epson Group to Sony (China) Limited in the first half of the fiscal year ending March 31, 2012, subject to the receipt of any necessary government approval.


Previous
Next
LG 's First 3D Tablet Coming In March        All News        Fujifilm Breaks Capacity Record With 5TB Tape
Amazon To Take On Netflix With Film Streaming Service     General Computing News      Google Accuses Microsoft's Bing For Stealing Google's Search Results

Get RSS feed Easy Print E-Mail this Message

Related News
Sony To Sell Olympus Shares
Android Lollipop Coming On Xperia Z3 And Xperia Z3 Compact
Sony Brings You Cinematic sound With New Sound Bars
Sony Releases New 4K/HD Memory Player
Sony's Project Morpheus Upgraded, Coming in 2016
MWC: Sony Introduces The New Xperia Z4 and Xperia M4 Aqua Tablets
Sony Xperia Z4 Tablet Appears Online With 2K Display
Sony Releases New Wireless Bluetooth Headphones
Sony Launches Memory Card For Premium Sound
Sony To Focus On Games, Sensors
Sony SmartEyeglass Developer Edition SED-E1 Available In March
Sony Releases New OLED Display For Pro Video Production

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .