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Sanyo Epson to Establish
Manufacturing Subsidiary in the Philippines |
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Sanyo Epson Imaging Devices Corporation
("Sanyo Epson") will establish a wholly owned subsidiary in the Philippines this April. To be named Sanyo Epson Imaging Devices (Philippines), Inc.
("SEPH"), the new subsidiary will take over the display manufacturing operations currently conducted by Epson Precision (Philippines) Inc.
("EPPI"), a wholly owned subsidiary of Seiko Epson Corporation
("Epson"). As a preliminary step, EPPI will establish a wholly owned subsidiary, Epson Imaging Devices Philippines Inc., on February 15. Authorization for this move has come from the Philippine Economic Zone Authority.
EPPI was established in December 1994 as a base for the manufacturing of printers, mini-printers and for the assembly of printer boards. Since August 2004 it has also been carrying out back-end processing operations (manufacturing of modules) for
Epson's liquid crystal displays. With the establishment of Sanyo Epson in October 2004, EPPI is spinning off its back-end operations, which will be taken over by SEPH, part of the Sanyo Epson organization, so as to establish an integrated manufacturing setup for LCDs from front-end through back-end processing.
LCDs were formerly used mainly for computer screens, but the range of applications for them has been growing rapidly, extending into such fields as televisions, mobile phones, digital cameras, and car-mounted devices. A large number of manufacturers have entered this business, and they are now all facing fierce price competition. They are also struggling to keep up with the demand for short-cycle development of new products and to make the large-scale investments both in research and development and in plant and equipment required to produce more advanced panels.
In response to this situation, Sanyo Epson is presently reorganizing its facilities for front-end processing of LCDs. In order to create competitively priced products with high added value, the company also considers it crucial to build up manufacturing capabilities for back-end operations. The establishment of SEPH is a part of this drive.
Overview of Sanyo Epson Imaging Devices Corporation
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Company Name
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Sanyo Epson Imaging Devices (Philippines) Inc. ("SEPH")
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| Date of establishment |
April 2005 (planned)
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| Head
office
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c/o Integrated Microelectronics Inc.
2/F Bldg. 1 North Science Ave. SEPZ, Laguna Technopark
Binan, Laguna 4024, Philippines
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| Paid-in capital
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900 million pesos (approx. 1.8 billion yen), consisting of 9 million shares at par value of 100 pesos |
| Officers
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Director (President): Misao Shimizu
Directors: Hiroshi Yano, Motoharu Komatsu, Hidehiko Seki, Hiroyuki Kawakami (Treasurer) |
| Employees
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Approx.
50 |
| Business lines
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Manufacture and sale of LCD modules |
About Sanyo Epson
Sanyo Epson Imaging Devices Corporation was established Epson and Sanyo Electric Co., Ltd. on October 1, 2004, Epson hold 55% of the joint venture, and SANYO 45%. The new company aims to become a leading manufacturer of small and medium-sized liquid crystal displays for mobile phones, digital cameras, and automotive applications. For further information, please visit Sanyo Epson's web site at
http://www.epson-imaging.com/e/.
About Epson
The Epson Group is a network of 84,899 employees in 110 companies around the world, and is proud of its ongoing contributions to the global environment and to the communities in which it is located. Led by the Japan-based Seiko Epson Corp., which is listed on the First Section of the Tokyo Stock Exchange, the Group had consolidated sales of 1,413 billion yen in fiscal 2003. For further information, please visit Epson's web site at
http://www.epson.com/.
About SANYO
SANYO Electric Co., Ltd. is one of the global consumer electronics giants leading the way in technology innovation for its strategic business domains
"Digital & Device" and "Energy & Ecology".
SANYO's businesses cover a broad range from AV/Information and Communications Equipment, Home Appliances, Commercial Equipments, Electronic Devices, Batteries and Others. For further information, please visit
SANYO's web site at
http://www.global-sanyo.com/.
Contacts:
Corporate Communications
Sanyo Epson Imaging Devices Corporation
Contact us by E-mail: www@epson-imaging.com
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