December 27th, 2011Shareholder Change of OPTREX GroupOPTREX CorporationOPTREX Corporation (“OPTREX”) has been a company owned by investment funds primarily managed by Japan Industrial Partners, Inc. (“JIP”) since February 2008, instead of Asahi Glass Co., Ltd. and Mitsubishi Electric Corporation. We are now pleased to inform that JIP and the investment funds have reached an agreement on a sale of all of their shareholdings to KYOCERA Corporation (President: Tetsuo Kuba, Headquarter: 6 Takeda Tobadono-cho, Fushimi-ku, Kyoto, Japan, “KYOCERA”) on December 22nd, 2011. The transfer of the shares is scheduled to be completed in February 2012.
After closing, OPTREX will continue to execute and make progress in broad range of businesses as a subsidiary of KYOCERA, leveraging current business base.OPTREX has been engaged in medium and small sized liquid crystal display panel/module businesses focusing on automotive and industry area, as well as touch panel business. KYOCERA’ s investment in OPTREX and the change of the shareholders was decided based on the high evaluation of our technology in these business segments and our global customer base where we command high market share. KYOCERA expects significant synergies with their business strategy in such areas.OPTREX, together with our new parent company, continues to be a leading company in the global niche market and to optimize our global network in order to meet customer needs and achieve further growth.
The change of the ownership will not affect the relationship with our customers and suppliers. OPTREX will continuously value long standing relationship with our businesspartners and will remain committed to supporting our customer requirements.We would highly appreciate your continuing support and business relationship. If you have any questions, please do not hesitate to contact any of our global offices.
For more information on Optrex or Kyocera Displays please contact email@example.com