Brief: NGK SPARK PLUG says structural reform of ceramic IC package business
09/05/2016 06:45
May 9 (Reuters) - NGK SPARK PLUG CO LTD 5334.T :
* Says it had decided a basic policy about the structural
reform of its ceramic IC package business at the Board of
Directors Meeting held on May 9
* Says establishment of the new subsidiaries including new
subsidiary for the Ceramic IC package business named "NTK
CERAMIC CO., LTD." (New N-CERA) and new subsidiary for the
Sensor business named "CS Nakatsugawa CO., LTD" (CS
Nakatsugawa), planned on July 1
* Says the Ceramic IC package business will be succeeded
from the Company and current NTK CERAMIC CO., LTD. (Current
N-CERA) to New N-CERA, through absorption-type company split by
Oct. 1 (planned)
* Says the sensor business in Current N-CERA will be
succeeded to CS Nakatsugawa through absorption-type
company split by Oct. 1 (Planned)
* Says absorbing Current N-CERA into the Company by Jan. 1,
2017 (Planned)
Source text in Japanese: https://goo.gl/iw3hd1
Further company Coverage: 5334.T
(Beijing Headline News)
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Keywords: NGK SPARK PLUG/BRIEF