December 22, 2011
TDK Corporation (President: Takehiro Kamigama) today announced that it will transfer production of ferrite cores to concentrate production. The move is one of several measures TDK is taking to strengthen manufacturing capability and improve earnings power.
In response to structural economic changes, an increasingly fierce global business environment and other developments, TDK is currently implementing structural reforms to remain competitive in the global market. As part of these reforms, TDK has decided to transfer production of ferrite cores handled at Chokai Plant (Nikaho City, Akita Prefecture) to its Inakura Plant (Nikaho City, Akita Prefecture) in order to concentrate production. The decision was taken after examining the cost competitiveness, profitability, and future potential of the product.
- Schedule for Transfer
The details of the transfer to Inakura Plant will be decided step by step going forward. Under the current schedule, the transfer to is to be completed by the end of March 31, 2014. Chokai Plant is to be closed following the transfer.
The employees of the Chokai Plant are to be transferred to the Inakura Plant.
For further information, contact the Corporate Communications Dept.