According to a press release, Sanyo Epson has been unable to expand to the desired scale due to severe and continued price erosion beyond forecasted levels. Thus, Epson determined that greater speed was necessary to take decisive measures aimed at restructuring and improving profitability in its display business. As a result, Epson and Sanyo Electric have decided to dissolve the joint venture, and to make Sanyo Epson a wholly-owned Epson subsidiary. Epson therefore plans to purchase Sanyo Electric’s shares, which represent 45% of the companiy‘s capital, on December 28, 2006. At the same time, the Sanyo Epson will be renamed Epson Imaging Devices Corp.
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Feature of the month
Leading brands at Photopia Hamburg
According to to the organizer, Hamburg Messe + Congress (HMC), major imaging brands will be represented at Photopia Hamburg, which will take place in the Hanseatic city from September 23 to 26 as a festival for the entire digital imaging industry. These include camera and lens manufacturers such as Canon, Sony, Nikon, Leica and Panasonic as well as Sigma and Tamron, but also the monitor manufacturers BenQ and Eizo, print service providers such as WhiteWall and the paper manufacturers Ilford and Hahnemühle. Several retailing companies and distributors, including Calumet, Foto Erhardt, IPS, HapaTeam and Probis will also exhibit.
