Announcement of a Final Agreement between INCJ and Panasonic Regarding the Transfer of the Mobara Plant

Osaka, Mar 5, 2012 - (JCN Newswire - MySolutionInfo) - Innovation Network Corporation of Japan (INCJ) and Panasonic Corp. (Panasonic) hereby announce that both companies have reached a final agreement today regarding the transfer of the Mobara plant of Panasonic Liquid Crystal Display Co. Ltd, a subsidiary of Panasonic, to Japan Display Inc. ("Japan Display" - provisional name), a new company that is in the process of being established to pursue small- and medium-sized display business.

Japan Display plans to develop a new manufacturing line for small- and medium-sized display production at the Mobara plant.

Panasonic Corporation
Global Public Relations Office
Tel: +81-3-6403-3040
Fax: +81-3-3436-6766

Press release posted on: Mar 5 2012

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Category

Description

Electronics

http://www.panasonic.com
Country: Japan

Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 7.77 trillion yen (US$78.4 billion) for the year ended March 31, 2009. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE: PC) stock exchanges.

For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net.