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Sony sells European LCD assembly plant

Autor: Siobhan Hayes
04/02/2010, 15:11 CET

As Sony announced today in an official press release, the rumours with regard to a possible takeover of its Slovakian LCD assembly plant have been confirmed: Sony will sell its shares in the affected plant to Foxconn (Hon Hai Precision Industry) and will retain just 10 percent of them. Here, the entire workforce will be kept on.

Since the plant affected is also the European location of Sony’s subsidiary “Sony Supply Chain Solutions Europe”, Sony will lease parts of the premises from Foxconn in the future. Thus, Sony’s Slovakian location will continue to function as its logistical centre in Europe. The actual takeover will be completed by the end of September 2010, but still requires the approval of the authorities in various countries.

Sony’s LCD assembly plant in Nitra, Slovakia, will be managed by Foxconn in the future (Photo: Sony).

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