Pioneer and Sharp Sign Contract for Optical Disk Joint Venture

shake-hands-contractJapan – Pioneer Corporation and Sharp Corporation  signed a formal contract for the establishment of an optical disk joint venture.

The goal of the new joint venture is to make more effective use of the management resources of the two companies in the optical disk business field, and to further expand the business in this area, especially in the highly promising Blu-ray Disc market. The new company will develop, design, manufacture and sell optical-disk products such as optical disk drives, recorders and players.

sharp-pioneer

Pioneer and Sharp plan to launch operations at the joint venture on October 1, 2009.

Outline of the new company

Company name: Pioneer Digital Design and Manufacturing Corporation
Headquarters: 1-1, Shin-ogura, Saiwai-ku, Kawasaki-shi, Kanagawa, Japan
(Within Kawasaki Plant of Pioneer Corporation)
Capital: 6 billion yen (including additional paid-in capital)
Shareholders: Pioneer Corporation (66%), Sharp Corporation (34%)
President: Toshihiko Kurihara
(Currently General Manager of Components Business Division of Home Entertainment Business Group of Pioneer Corporation)
Number of directors: 5 (3 from Pioneer, 2 from Sharp)
Number of employees: Approximately 450
Start of operation: October 1, 2009 (Scheduled)
Main businesses: Development, design, manufacture, and sale of optical –disk –related products and parts.
Business forecast: Approximately 38 billion yen (during six months from October. 1, 2009 through March 31, 2010)

Source: Sharp

Related posts

Seagate presents the Nytro XF1230 solid-state drives

Seagate presents the Nytro XF1230 solid-state drives

The US maker of storage solutions Seagate Technology has announced the new Nytro XF1230 line of solid-state drives. The announcement comes days after Seagate announced the Nytro XM1440 SSDs that are designed for businesses and data centers. Unlike the previous Nytro line, however, the Nytro...

AMD enters memory market

Advanced Micro Devices (AMD) has announced that it plans to enter the memory market with own branded memory modules. The memory will be sold in the United States only. AMD will not be making the memory – instead it will be manufactured by Patriot Memory and sold by Visiontek. The main...

Toshiba offers USB flash drive with enhanced data protection

Toshiba offers USB flash drive with enhanced data protection

USB flash drives are a convenient way of having all your files with you at all times but they have numerous drawbacks with one of them being lack of protection. Once you write files onto a USB flash drive any other person can read them on any PC. This is clearly a problem for people who work...

Leave a comment