Japan“s NEC Corp. said it will set up a joint venture in Japan with special glassmaker Schott Glas of Germany to make and sell hermetic terminals.
NEC Schott Components Corp., to be capitalized at 6…
Japan“s NEC Corp. said it will set up a joint venture in Japan with special glassmaker Schott Glas of Germany to make and sell hermetic terminals. NEC Schott Components Corp., to be capitalized at 600 million yen, will be owned 51% by NEC and the remaining 49% by Schott Glas. It will be based in Otsu, Shiga Prefecture. The new firm will start operation on October 1, taking over NEC“s hermetic terminal business and Schott Glas“ sales operations in Japan. Hermetic terminals are used to protect electronics parts such as quartz oscillator. The NEC group now holds 6% of the global market for the terminals, while Schott Glass has 11%.