Tuesday, August 30, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
WhatsApp Privacy Changes Raise EU Concern
Fitbit Unveils New Fitbit Charge 2 and Fitbit Flex Fitness Trackers
Kingston Releases New Entry-level DC400 Data Center SSD
Samsung to Reveal New Quantum Dot Curved Monitors At IFA 2016
Facebook 'Trending' To Rely Less On Humans
Apple Patches iOS Security Flaws Discovered In Spyware Targeting Activist
LG To Showcase Latest OLED TVs Compatible With HDR Technologies At IFA
NHK Join Forces With Panasonic And Sony To Win The 8K TV Race
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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.


Previous
Next
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
Games Outweigh Sagging Sensors For Sony
New Sony 4K Ultra HD TVs Released In The U.S.
Sony Ups Sales Goals For Games Ahead of VR Launch
Sony Recalls VAIO Laptop Computer Battery Packs
Sony Xperia X Series Coming to the United States
Sony Sees Flat Annual Growth Due To Recent Quake Damages
Sony Improves Commercial LED Display Concept With New CLEDIS Technology
Sony Joins Forces with Cogitai to Conduct Research and Development for Artificial Intelligence
Sony To Resume Wafer Processing Operations After Earthquake
Sony Releases New Home Audio Products
Sony Reports Loss But PlayStation Keeps Performing Well
Sony Confirms Manufacturing Operations Disruptions Following Kumamoto Earthquakes

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .