KYOCERA acquires business SONY production and development of TFT LCD panels

Thursday, April 1, 2010

The Japanese company Kyocera Corporation announced it has reached a definitive agreement with Sony Corporation and its subsidiary of Sony Mobile Display Corporation to acquire its business of producing and development of TFT LCD panels. The transaction will be carried out by the corporate division, where Kyocera will acquire a factory to produce LCD panels, located in Yasu, Shiga Prefecture, Japan, scheduled for June 1, 2010. Existing labor contracts and transfer of staff will be appointed on the same date, and Kyocera will make their legal successor.