Information contained in the news release is current as of the date of announcement.
It is subject to change without prior notice.
Pioneer to Double In-car Audiovisual Production Capacity in BrazilTransferring Current Facilities to Build a New Production Base
March 28, 2007, Tokyo, Japan - Pioneer Corporation announced today that the company has decided to greatly boost the production capacity for in-car audiovisual products to address the expected demand growth in the Brazilian market. To this end, Pioneer will transfer the current facilities and build a new production base in Manaus, Brazil.
The new production base will swing into operation in April 2008, and will have a production capacity double that of the current level.
Pioneer launched its car audio production/sales subsidiary, Pioneer do Brasil Ltda., in 2003. Since making its full-dress entry into the Brazilian car audio market, the company has strongly promoted its car electronics business in Brazil.
| Production items: | In-car audiovisual products for the Brazilian domestic market |
| Address (new): | Rodovia Torquato Tapajos 9km Manaus-Am, Brasil |
| (*Current base: | Av. Cupiuba, 361-Distrito Industrial, CEP-69075-060, Manaus-Am.) |
| Start of operation: | April 2008 (scheduled) |
| Establishment: | February 2003 |
| President: | Kimihiro Yoshitake |
| No. of employee: | Approximately 350 |
| Capital: | BRL 32.408 million (Pioneer's wholly-owned subsidiary) |
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