Sony Chemicals Corporation (hereafter "Sony Chemicals") and Sony Miyagi Corporation (hereafter "Sony Miyagi") today announced that the two companies will be unified on July 1, 2006 to establish a new company, named "Sony Chemical & Information Device Corporation".*
On May 1, 2006, Sony Corporation established a new internal organization named the Chemical Device Business Group, principally to strengthen chemical component business** for LCD-TVs. Sony Chemicals and Sony Miyagi are Sony Corporation's 100% subsidiary companies, and they manufacture various components and execute component business under the supervision of the Chemical Device Business Group. The engineering resources and technologies of Sony Chemicals and Sony Miyagi will now be unified under the new company "Sony Chemical & Information Device Corporation". And the new company will pursue an integrated operations with the Chemical Device Business Group to establish a strong, efficient and simple business structure for component development, manufacturing and marketing.
"Sony Chemical & Information Device Corporation" will aim to expand its business by merging Sony Chemicals' chemical technologies and Sony Miyagi's material and process technologies that have been fostered through the recording media business. The new company will have a special focus on chemical products such as functional film development. This will lead to expanded applications in LCD panel modules for Sony's BRAVIA LCD-TV and low temperature poly-silicon LCD modules. The objective is support higher product competitiveness through vertical integration of equipment and components.