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Electronics Production | July 02, 2007

Pioneer to liquidate factories<br>in Mexico and Belgium

To minimize its overall production cost Pioneer has decided to liquidate its factories in Mexico and Belgium.
According to Digitimes this may result in that Lite-On IT and Quanta Storage, obtaining additional ODM/OEM orders from Pioneer.

The company plans to complete the liquidation of the factories by the end of March 2008 and will concentrate on the production of home-use audio/video electronic devices in Japan, the US and the UK.

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