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Saturday, 21 January 2012 - Sony to move lithium battery assembly abroad: report |
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The consumer electronics giant will move the assembling of the batteries to factories in China and Singapore, but continue producing the parts needed for production in Japan, the national daily said, without citing sources. As part of the move, Sony plans to convert its Tochigi Prefecture lithium ion battery factory into a research facility and is considering asking about 500 workers to apply for job reshuffling or voluntary retirement, the paper added. Sony also has two lithium ion battery factories in Fukushima Prefecture, located in Eastern Japan. The move comes as rival consumer electronics maker Panasonic Corp is working to lift its production of lithium ion batteries in China as it cuts back on domestic production. Japanese firms were long the dominant producers of lithium ion batteries, but have lost the lead to South Korean makers such as Samsung SDI Co. The historically strong yen, which makes goods from Japanese exporters' more expensive overseas, has also pressured firms to shift manufacturing capacity abroad. Sony, which saw its debt ratings downgraded by Moody's on Friday, is expected to post on February 2 a fall in earnings for the October-December quarter, due to the strong yen, weak consumer sentiment in Europe and the effects on their operations of flooding in Thailand. (Reporting by James Topham; Editing by Alison Birrane) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) lazerous200 wrote:   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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