Sony Ericsson expands in-house manufacturing capacity in China
Submitted by Varun Krish on December 13, 2005 – 4:39 pm
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Beijing and London, 13th December 2005, — Sony Ericsson Mobile Communications has received Chinese Ministry of Commerce approval to take control of Beijing Suohong Electronics Co. Ltd. (BSE), a Sony China controlled manufacturing facility, by raising its share holding to 74.5%. The BSE site, which is 60% dedicated to the outsourced assembly of printed circuit boards for Sony Ericsson, will become an in-house manufacturing facility. Sony Ericsson will increase its stake in BSE from 10% to 74.5% through the acquisition of Sony China?s shares; local minority shareholders will remain unchanged.
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[...] Sony Ericsson expands in-house manufacturing capacity in China [...]