71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
PANDORA
Sales Assistant Pavillion
Permanent · WESTVILLE
By
Reuters
Published
Sep 26, 2007
Download
Download the article
Print
Text size

Sony to buy Toyota Industries' stake in LCD JVs

By
Reuters
Published
Sep 26, 2007

TOKYO (Reuters) - Sony Corp will buy Toyota Industries Corp's stake in its small-sized liquid crystal display joint ventures, in its latest step to focus on its core operations.

The two firms said on Wednesday they will merge ST Liquid Crystal Display Corp., a 50-50 venture, and ST Mobile Display Corp., owned 80 percent by Sony and 20 percent by Toyota Industries, on December 1.

Both ventures make displays for digital cameras, camcorders and mobile phones -- Sony's cash cow products.

The maker of Cyber-shot digital cameras will hold 86 percent of the new firm, and plans to buy the remaining 14 percent from Toyota Industries by March 31, 2009 for an undisclosed price.

The move will enable speedier decision making for Sony's LCD business, while allowing Toyota Industries, a Toyota Motor Corp- affiliated maker of textile machinery, auto components and forklifts, to focus resources on automobile and industrial vehicle operations, they said.

Prices have fallen even as demand grows for LCDs amid competition from Taiwanese display makers like AU Optronics and Chi Mei Optoelectronics and South Korea's LG.Philips LCD Co .

Ahead of the announcement, shares in Sony, which earlier this year cut its holdings in online broker Monex Beans Holdings and last year shed its stake in a wide range of retail activities, closed up 1.7 percent at 5,430 yen.

Toyota Industries shares fell 1.4 percent to 4,880 yen while the benchmark Nikkei average .N225 rose 0.2 percent.

© Thomson Reuters 2024 All rights reserved.