SONY SETTING UP SECOND AUDIO PLANT IN MALAYSIA
Sony Corp <SNE.T> said it will set up a
second wholly-owned subsidiary in Malaysia to make headphones,
car stereos, radios and radiocassettes from early 1988.
    <Sony Electronics (M) Sdn Bhd> in Penang will have initial
capital of about 2.5 billion yen, and provide 1,000 jobs.
    Sales worth 10 billion yen are targetted for the year from
April 1, 1988, mainly to the U.S. And Europe.
    Sony's wholly-owned <Toyo Audio (M) Sdn Bhd> in Penang has
made audio products for export to the U.S. And Europe since
1984. Toyo sales were four billion yen in the year to October
31, 1986.
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