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Sony to Sell Chemical Business to Development Bank of Japan

12:55 AM MDT | March 22, 2012 | Deepti Ramesh

Sony Corp. (Tokyo) and the Development Bank of Japan (DBJ; Tokyo) say they have entered into a non-binding memorandum of understanding, for the sale of Sony’s chemical products businesses to DBJ.  Sony’s chemical products businesses are operated by its wholly owned subsidiary Sony Chemical & Information Device Corp. (SCID; Tokyo), which was established in 1962. SCID is involved in the manufacture and sale of chemical products including adhesive materials such as anisotropic conductive film, optical materials such as optical elasticity resin...

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