Kyocera Corporation Acquires LCD Manufacturer Optrex To Create Kyocera Display Corporation
Tokyo, Japan, April 2, 2012 – Kyocera Corporation, Kyoto, Japan, has acquired LCD manufacturer Optrex Corporation, Tokyo, Japan, to form Kyocera Display Corporation.
The Kyocera Group includes over 200 companies worldwide that manufacture a wide range of products including industrial ceramic materials, semiconductor components, automotive components, communications equipment and liquid crystal displays (LCDs).
With the acquisition of Optrex and formation of Kyocera Display Corporation, Kyocera will expand its LCD product offerings and manufacturing capabilities for automotive and industrial applications.
Kyocera offers a wide range of active matrix TFT LCD panels in sizes from 3.5 to 12.1 inches diagonal and resolutions from QVGA to SVGA. Optrex, founded in 1976, has been focused on small and medium size LCDs in the automotive and industrial market sectors, offering a range of active matrix TFT and monochrome graphic and character LCDs.
Kyocera’s Gen 3 TFT LCD fabrication facility produces state-of-the-art polysilicon and amorphous silicon panels. Kyocera Display Corporation will complement their high-volume front-end array production capability with Optrex’s back-end modularization capabilities.
The acquisition of Optrex will also enable Kyocera to complement its range of resistive and capacitive type touch screen panels with Optrex’s touch screen bonding capabilities.
The company’s acquisition of Optrex America in Plymouth, MI, USA (now Kyocera Display America, Inc.), as well its acquisition of Optrex Europe in Babenhausen, Germany (now Kyocera Display Europe GmbH), will enable Kyocera to expand its presence in the automotive and industrial LCD markets in the Americas and Europe.
“We are confident that there will be a strong synergy between the product offerings, manufacturing infrastructure, business strategy and market segments of Kyocera and Optrex,” said Akihiko Ikeda, President of Kyocera Display Corporation. “It will benefit the customers of both companies and give us the capability for strong growth in the years ahead.”
“The change of ownership will not affect our relationship with Optrex’s customers and suppliers,” said Cynthia Ferrell, CEO of Kyocera Display America, Inc. “We remain committed to our business and to the continuity of supply to our longstanding and highly valued customer base.”
For more information, please contact Kyocera Display America (KYDA), Inc. 46723 Five Mile Road. Plymouth, MI, USA 48170. Tel: 734-416-8500; Fax: 734-416-8520. www.kyocera-display.com
Kyocera Corporation (NYSE:KYO)(TOKYO:6971) (global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of industrial ceramics, solar power generating systems, telecommunications equipment, printers, copiers, electronic components, semiconductor packages, and cutting tools. During the year ended March 31, 2011, the company’s net sales totaled 1.27 trillion yen (approx. USD 15.3 billion). The company is ranked #604 on Forbes magazine’s 2011 “Global 2000” listing of the world’s largest publicly traded companies.