Sharp Corporation Notice of Business Alliance Relating to LCDs with China
Osaka, June 27, 2013 - (JCN Newswire) - Sharp Corporation ("Sharp")
announced that Sharp has passed a resolution at its board of directors meeting
held on June 27, 2013, to enter into a business alliance relating to liquid
crystal displays ("LCDs") with China Electronics Corporation.
Sharp, as announced in the press release "Sharp signs agreement for LCD
panel production project in China" dated August 31, 2009, has accepted an
order for the 6th generation LCD panel production project ("this
project") from LCD business company Nanjing CEC-PANDA LCD Technology Co.,
Ltd., established by Nanjing-City and Nanjing China Electronics Panda Group
Corporation ("CEC Panda"). The production has commenced in May, 2011.
Thereafter, input capacity was steadily expanded, establishing a
mass-production system by the end of 2012.
Further, when this project was accepted, in order to prepare for the expansion
of demand for LCD panels in China, following the production of 6th generation
LCD panels, Sharp has decided to pursue discussions regarding a joint venture
for the production of 8th generation LCD panels with the Nanjing-City and China
Electronics Corporation ("CEC"), the parent company of CEC Panda.
In this context, along with providing high definition TFT-LCD panels and
module technology to the strategic partner CEC, both companies have agreed to
operate a plant for the 8.5th generation LCD panels and modules utilizing the
technology as a joint venture along with investment by Sharp. With commencement
of mass-production scheduled in or after 2015, it is assumed that main
applications will be for television sets, notebook PCs and tablets. Sharp
reserves the right to purchase the price-competitive and high-value-added LCD
panels that will be produced at the plant.
Sharp is working on business restructuring with the intent of reducing assets
through optimization of the value chain, and, in the current approach, Sharp
will enhance global competitiveness by optimally combining technology, human
resources and production for each value chain, such as technology development
in Japan, panel planning in the countries or regions close to consumer markets,
and production in the countries or regions taking advantage of low production
cost infrastructure, respectively. By combining advanced LCD technology of
Sharp with the highly efficient technology of the strategic partner CEC, Sharp
will establish a system to provide highly competitive LCD panels and modules in
a stable and timely manner, and steadily grow its LCD business.
For complete details, please see
Sharp Corporation (TSE: 6753) is a worldwide developer of innovative products
and core technologies that play a key role in shaping the future of
electronics. As a leader in liquid crystal displays (LCDs) and digital
technologies, Sharp offers one of the broadest and most advanced lines of
consumer electronics, information products and electronic components, while
also creating new network businesses. For more information, please visit
Corporate Public Relations Division
Phone: +81-6-6625-3006 (Osaka)
Phone: +81-3-3260-1870 (Tokyo)
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