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27
June
2012

OKI aquires Tanaka Kikinzoku's PCB business

Tanaka Kikinzoku will transfer its printed circuit board business to OKI, a telecommunications manufacturer based in Japan.
On June 18, the two companies concluded an agreement on the transfer of stock whereby the printed circuit board business will be transferred to a new company established by Tanaka Kikinzoku. Thereafter, effective October 1, OKI will acquire an 80% stake in the new company.

OKI said in a statement that it is seeking to achieve EMS business sales of 50 billion yen in fiscal 2015.

“Despite a contracting domestic printed circuit board market, demand remains strong for large, multilayer printed circuit boards for high-end products, driven by market trends such as rising investment in the high-speed, high-bandwidth data communications infrastructure. The size of this market is expected to reach 100 billion yen/year,” a statement by the company said.
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