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Pioneer Acquires NEC’s Plasma Division

Tokyo, Japan--Pioneer Electronics has penned an agreement to acquire the NEC Plasma Display Corporation (NPD). The transfer agreement--slated for March 2004--will make Pioneer one of the world's largest plasma manufacturers.

Tokyo, Japan–Pioneer Electronics has penned an agreement to acquire the NEC Plasma Display Corporation (NPD). The transfer agreement–slated for March 2004–will make Pioneer one of the world’s largest plasma manufacturers.

According to Pioneer USA’s president/COO, Tom Haga, Pioneer will manufacture plasma panels under both the Pioneer and NEC brands, and will utilize its new corporate synergy to increase production capacity and enhance R&D.

Pioneer expects its plasma display market share to rise from 14 percent to a 22 percent by 2006.

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