The global financial crisis continues to correct the structure of Slovak industry. And if almost all major domestic carmakers have managed to preserve their productions, some high-tech companies will have to sell their companies in Slovakia. Here it is one of the world's largest manufacturers of television equipment - Sony. According to Reuters, the Japanese giant decided to sell its plant in Slovakia to the Taiwan's largest manufacturer of electronics parts Hon Hai Precision Industry.
Today the LCD TV Sony plant is located near the town of Nitra. This company produces a range of world famous Sony products, including Bravia TVs. This plant in Slovakia was introduced by Sony in April 2007. Thus, the plant in Nitra belonged to the Japanese giant for over three years. For Sony the plant in Slovakia has become the second largest plant in Europe. The first plant of Sony in the Old World is located in Barcelona.
It is worth noting that before the opening of the plant in Nitra, Sony was present at the Slovak market since 1996. That year the company introduced its plant in another Slovak city - Trnava. With the opening of business in Nitra, Trnava units were transferred to the new plant. The total investment for the construction of a new factory in Nitra cost Sony 73 million euros. The plant in Nitra is designed to produce 3 million LCD TVs a year.
Under the deal, Hon Hai Precision Industry gets 90% of the shares. Sony holds 10%. At the same time the administration of the new company does not intend to discharge 2,500 workers of the plant in Nitra. Moreover, the company will save to the main profile - it is to continue to produce TVs under the Sony Bravia brand.