TDK Acquires a Polymer Lithium Battery Manufacturing and Sales Company in Hong Kong
01 Juin 2005 - 10:00AM
Business Wire
TDK Corporation (NYSE: TDK)(the "Company") today announces that it
has completed the acquisition of Amperex Technology Limited ("ATL")
(President: Dr. T.H.Chen, Headquarters: Hong Kong), a manufacturing
and sales company of Polymer Lithium Battery, based in Hong Kong
and having manufacturing sites in Dongguan, China. With a purchase
price of about US$100 million (JPY10.7 billion) which covers all
the assets of ATL including cash on hand, the Company has now
acquired 100% of ATL shares. The acquisition this time was intended
to obtain the operating base on which to develop TDK's materials
technology in the field of energy, where growth is expected in the
future. ATL has been specialized in the compact and yet flexible
polymer lithium battery business, and has established a production
system of stable quality based on its special know-how in materials
technology and production engineering technology. -0- *T Facts
about Amperex Technology Limited Location: Tsuen Wan, N.T., Hong
Kong, SAR, PRC Establishment: July 1999 Employees: Ca. 3,000 Net
Asset: Ca. US$50 million (JPY5.4 billion) Business: Manufacture and
Sale of Polymer Lithium Battery *T About TDK TDK Corporation (NYSE:
TDK) is a leading global electronics company based in Japan. It was
established in 1935 to commercialize "ferrite," a key material in
electronics and magnetics. TDK's current product line includes
ferrite materials, electronic components, wireless computer
networking products, magnetic heads for HDD, and advanced digital
recording media. For more information about TDK, please visit
http://www.tdk.co.jp/tetop01/index.htm
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