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Business

Sharp to manage Chinese ops from Foxconn site

OSAKA -- Sharp will establish early next year a wholly owned Chinese subsidiary that will oversee operations in that market, the Japanese electronics maker said Thursday.

The new unit will be located in Shenzhen within the premises of the Longhua production complex owned by Sharp parent Hon Hai Precision Industry, the Taiwanese contract manufacturer commonly known as Foxconn. This arrangement will allow both Sharp and Foxconn to more closely coordinate and expand business activities on the mainland.

Toshihiko Fujimoto, who was Sharp's point of contact for Foxconn during the takeover process, will serve as chairman of the new subsidiary. Details such as the full company roster will be determined later.

Sharp's Chinese businesses currently fall under Sharp (China) Investment, located in Beijing. The new subsidiary will take over that role on Jan. 3.

Another task of the subsidiary will be to step up collaboration among business units in keeping with Sharp President Tai Jeng-wu's "One Sharp" policy, including possibly encouraging units to share business resources. Sharp operates nine plants in China that produce everything from consumer electronics to copiers. Consolidation of facilities is also a possibility.

(Nikkei)

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