Sharp turns production in Japan

The company Sharp is going through hard times because of its financial situation leaves much to be desired. Pending receipt of loans from banks, the management took unprecedented steps to reduce costs. As a result, the Japanese company actually cease to be geographically Japanese - most of the production facilities and offices in Japan will be or has already been closed. Currently, the company has its headquarters in Osaka, several offices in Tokyo and 11 factories throughout the country who are busy assembling televisions, production screens, washing machines, air conditioners and solar cells. Most of them should stop working. Including plant in Kameyama, which makes screens for smartphones iPhone. This production has only recently started to work, but after it became aware of the problems with the cash received from the Taiwanese company Hon Hai, also its prospects are not very promising. Last week, the chairman of the board of directors of Hon Hai interrupted his business trip to Japan without meeting with representatives of Sharp and discussed the possibility of buying 9.9% of its shares.