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Kyocera takes over Sony LCD plants

Posted: 12 Apr 2010 ?? ?Print Version ?Bookmark and Share

Keywords:LCD? manufacturing? Sony LCD business?

Kyocera Corp. has reached a definitive agreement with Sony Corp. and its subsidiary Sony Mobile Display Corp. (SMD) to acquire part of its TFT LCD design and manufacturing business.

The acquisition will be undertaken by means of a corporate split, where Kyocera will acquire the TFT LCD facilities of SMD located in Yasu City, Shiga Prefecture, Japan, effective June 1. Existing employment contracts will be assigned to Kyocera and employees transferred on the same date.

Strong growth in demand for more cost-competitive, larger, higher resolution industrial-use TFT LCDs is expected to continue. The acquisition will enable Kyocera to expand its diverse TFT LCD line with products of even higher added value to meet a wider range of customer needs.

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