Panasonic Announces Dissolution of Joint Venture of Motor Business
01 Febbraio 2013 - 7:30AM
Business Wire
Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic") today
announced that Minebea Co., Ltd. ("Minebea") and Panasonic reached
an agreement today that Panasonic would promptly transfer all of
its shares in their joint venture of Minebea Motor Manufacturing
Corporation to Minebea and dissolve their alliance.
There shall be no effect on the consolidated financial outlook
of Panasonic for fiscal year ending March 31, 2013.
For further detail, please see the attached.
Minebea Co., Ltd.Panasonic Corporation
Dissolution of Joint Venture of Motor
Business
Minebea Co., Ltd. ("Minebea") and Panasonic Corporation
("Panasonic") today reached an agreement that Panasonic would
promptly transfer all of its shares (40 percent of the capital) in
their joint venture of Minebea Motor Manufacturing Corporation
("Minebea Motor") to Minebea and dissolve their alliance.
Minebea Motor had been set up on April 1, 2004, integrating the
fan motor, stepping motor, vibration motor, and DC brush motor
business of Minebea and Panasonic, to develop a globally
competitive business by leveraging the ultra-precision machining
technology, mass production technology, and cost competitiveness of
Minebea with the innovative product development strength of
Panasonic. On April 1, 2010, businesses for small brushless motors,
power brushless motors, and polygon mirror scanner motors had been
transferred to Minebea Motor from Panasonic for further business
development. However, the environment of the motor manufacturing
business is changing recently, Minebea and Panasonic reached an
agreement to dissolve the joint venture and to seek further
business expansion for Minebea Motor to continue on as a
wholly-owned subsidiary of Minebea, after reconsiderations for
businesses.
Minebea, Minebea motor and Panasonic will maintain the further
collaborative relationship through continuous products supply in
future.
Minebea Motor
Manufacturing Corporation
Representative: Hiroyuki Akatsu Location:
4106-73 Oaza Miyota , Kitasaku-gun, Nagano prefecture Description
of businesses: Development, manufacturing, and sales of small
motors for electronic devices and information equipment Date of
establishment: April 1, 2004 Capital: 10 Billion JPY Ratio of
capital: Minebea 60%, Panasonic 40% (as of end-January, 2013) Sales
: 54.4 Billion JPY (year ended in March, 2012) Employees: 7,493 (as
of end-March, 2012) Production/Development Bases: Karuizawa,
Hamamatsu, Yonago, Thailand, Malaysia, China, Cambodia ■
Media Inquiries: Minebea Co. Ltd., Corporate
Communications Office TEL +81-3-6758-6703 Panasonic
Corporation, Groupwide Brand Communications Division, Public
Relations Group TEL +81-6-6908-0447 (Osaka)
TEL +81-3-3574-5661 (Tokyo)
Grafico Azioni Panasonic (NYSE:PC)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Panasonic (NYSE:PC)
Storico
Da Lug 2023 a Lug 2024