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Sanyo bails out of LCD business

December 15th, 2006 · No Comments

Sanyo has sold all the shares in its -based Sanyo Epson Imaging Devices Corp joint venture business to Seiko Epson. Seiko will buy the entire 45 percent stake originally held by Sanyo.
The company off-loaded the concern as part of a massive restructuring plan. In a statement it said it was “necessary to take decisive measures aimed at restructuring and improving profitability” in its display business.

Tags: Home cinema · LCD TV · Trade

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