Friday, November 27, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Sony To...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 22, 2012
Sony To Sell Chemical Products Businesses To Bank of Japan

Development Bank of Japan Inc. (DBJ) and Sony Corp. today announced that they have entered into a non-binding memorandum of understanding that outlines their intent for Sony to sell to DBJ Sony's chemical products businesses operated by Sony Chemical & Information Device Corporation (SCID), a wholly-owned subsidiary of Sony.

DBJ and Sony are aiming to sign definitive and legally-binding agreements by the end of May 2012, subject to due diligence on the businesses contemplated to be sold and negotiation of detailed terms and conditions of the sale. Thereafter, the two parties will aim to complete the sale during the third quarter of the fiscal year ending March 31, 2013, subject to the receipt of any necessary government authorizations and approvals.

SCID is engaged in the manufacture and sale of chemical products, including adhesive materials such as anisotropic conductive film, optical materials such as optical elasticity resin, and magnetic devices. SCID also manufactures products sold by Sony, such as optical disk media, magnetic tape, laminate substrates, FeliCa cards and medical print media. The contemplated sale would cover SCID's domestic and overseas operations relating to the manufacture and sale of chemical products. SCID?s manufacturing business of products sold by Sony, such as optical disk media, magnetic tape, laminate substrates, FeliCa cards and medical print media, will be outside of the scope of the contemplated sale to DBJ, and will continue to be retained and operated within the Sony group.

The move is part of Sony's realignment of its business portfolio. DBJ and Sony believe that the independence of these chemical products businesses, coupled with the utilization of DBJ?s domestic and international networks and other diverse business resources, will enable the chemical products businesses to achieve further growth and development in the future.

Sony said a purchase price had not been decided. The Nikkei business daily reported earlier that the bank would pay 30 billion to 40 billion yen ($360-480 million) for the purchase.

Over the past several months Sony has been dumping production capacity. In December it agreed to sell its nearly 50 percent share in a joint liquid crystal display venture with Samsung Electronics to the Korean company, exiting a fabrication partnership.

Last year, Sony also agreed to merge its production of small LCDs with that of Toshiba and Hitachi in company Japan Display, which is two-thirds owned by the Innovation Network Corp of Japan.

New iPhone Will Have A 4.6-inch Display        All News        Photoshop CS6 Beta Now Available For Download
New Facebook Tool Helps Users Filter Their Friend's Feeds     General Computing News      Photoshop CS6 Beta Now Available For Download

Get RSS feed Easy Print E-Mail this Message

Related News
Sony CEO dismisses Chip Development Rumors
Sony a68 A-mount Camera Shipping With 4D FOCUS
Sony Returns To profitablity Following Strong PS4 Sales
Toshiba To Sell Image Sensor Business to Sony
Sony Introduces 4K Home Theater Projectors, ES Receiver at CEDIA 2015
Sony RX1R II Camera Packs A 42MP Back-Illuminated Full-Frame Image Sensor
Sony Acquires Softkinetic Systems To Expand Its Image Sensor Offerings
Sony Semiconductor Solutions Corporation Established
New Sony Software Upgrade, Rolls For Xperia M2 and Xperia M2 Aqua
Sony Brings Hi-Res Audio to the Car
Sony Adds Uncompressed 14-Bit RAW Still Image Capture for New α Cameras
Sony Launches The Ultra-sensitive a7S II Full-frame Camera

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 .