TOKYO, Japan ― Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that it will transfer the Kochi Factory (which it closed as of May 31, 2018) of Renesas Semiconductor Manufacturing Co., Ltd., a wholly owned subsidiary of Renesas to Marusan Industry Co., Ltd.(“Marusan”).
Following the challenges faced in maintaining the profitability of the Kochi Factory due to reduced production load, Renesas announced its decision to close the Kochi Factory in December 2015 within a period of two to three years. Following this announcement, the Kochi Factory was closed as of May 31, 2018.
Since 2015, with the assistance of Kochi Prefecture, Renesas focused on securing a purchaser for the facility and has now reached an agreement to transfer Kochi Factory to Marusan, a company headquartered in Ozu City, Ehime Prefecture, whose main operations include the development, manufacture, and sales of hygiene products made from cotton and organic cotton.
This transfer of Kochi Factory to Marusan is scheduled to be completed in October 2018.
[Overview of the Kochi Plant Being Transferred]
Location: 123 Tokuoji, Kagami-Cho, Konan City, Kochi Prefecture
Area (land): 77,742m²
Area (buildings): 49,031m²
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
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