Slovak News Back to the news
Sony Slovakia Gets New Majority Owner from Taiwan
Wednesday 31 March 2010 Zoom in | Print page
Bratislava/Nitra, March 31 (TASR) - The Nitra plant of the Japanese concern Sony has a new majority owner as of Wednesday. Hon Hai Precision Industry (commercially acting under the name Foxconn) is buying a 90-percent stake in Sony Slovakia, while the remaining 10 percent remains in the hands of Sony Group, TASR was told by Darius Bosjak from the Economy Ministry.
Financial properties of the transaction were not published.
According to the information provided, this year's production plan of Sony in Nitra, reckoning on an output of 5 million products, remains unchanged. In addition, the new majority owner from Taiwan is planning to increase the plant's production to 7 million Sony products (LCD TV screens) next year. This move should create new jobs; the ministry is expecting an improvement by around 20 percent.
Bosjak added that only after more details are delivered, the Economy Ministry will look into whether the changed ownership structure goes hand in hand with the state aid provided to Sony, one of major foreign investors in Slovakia.
All rights reserved. Any publishing or further dissemination of press releases and photographs from TASR's resources without TASR's prior written approval constitutes a violation of the Copyrights Act.
