February 24, 2017
Doc. No.: NR170224-10E
SCREEN Launches Spin-Off to Promote PCB-Related Equipment Business
Strengthening Operational Structure for the Electronic Device Industry
Kyoto, Japan – February 24, 2017 –SCREEN Holdings Co., Ltd. has been making preparations to spin off its print circuit board (PCB) related equipment business from SCREEN Graphic and Precision Solutions Co., Ltd., a core member of the SCREEN Group. On October 28, 2016, it established a preparatory subsidiary in connection with a company split for this purpose. Procedures for the succession have recently been completed, and SCREEN is pleased to announce that the new company will begin operations on April 1, 2017 as a stand-alone entity under the name SCREEN PE Solutions Co., Ltd. (SCREEN PE).
In recent years, PCB-related industries have been confronting ever-increasing diversification in digital devices, including thinner, slimmer smartphones and greater integration of computer electronics into vehicles, all against a backdrop of growing demand related to the Internet of Things (IoT). Such dramatic changes in the electronic device market demand development of solutions backed by manufacturing technologies that can deliver optimum PCBs more rapidly and in a timelier manner than ever before.
Newly established SCREEN PE will perform development, manufacturing, and sales activities related to the direct imaging and inspection equipment for PCBs. Based on the technologies that SCREEN has accumulated thus far, it will provide even more sophisticated and advanced solutions to further improve customer satisfaction.
SCREEN anticipates the establishment of SCREEN PE will allow it to provide customers with highly detailed services. This level of support will also make a ignificant contribution to the expansion of the PCB and other related industries as they continue to grow.
Profile of new company
|Name||:||SCREEN PE Solutions Co., Ltd.|
|Location||:||Tenjinkita-machi 1-1, Teranouchi-agaru 4-chome, Horikawa-dori, Kamigyo-ku, Kyoto 602-8585, Japan|
|Incorporation||:||October 28, 2016|
|Capital||:||100 million yen|
|Chief officers||:||Hitoshi Yamamoto, president
Eiji Kakiuchi, director (adjunct)
Soichi Nadahara, director (adjunct)
Yukihiro Kitamura, corporate auditor (adjunct)
|Personnel||:||Approx. 80 members|
|Main activities||:||PCB-related equipment business|
Information contained in the news release are current on the date of publication, but may be subject to change without notice.