Japan's Sony announced on September 1 that it
has agreed to the sale of 90% stake in its Mexico LCD (Liquid Crystal Display)
TV assembly plant to Taiwanese EMS (Electronics Manufacturing Service) provider
Hon Hai Precision Industry, Reuters reported. The plant is located in Tijuana
City, Baja California and has served as a major manufacturing site of Sony's
Bravia-branded LCD TVs for the Americas.
The plant currently hires a staff of 3,300,
which will be retained by Hon Hai as the company takes over. The deal is
reportedly part of an alliance between Sony and Hon Hai for the production of
LCD TVs targeting the Americas. It is understood that Sony will keep the remaining
10% stake in the Tijuana facility and the Japanese company is expected to
increase outsourcing of LCD TVs in the future. Financial terms of the deal have
not been disclosed.