December 21, 2014 9:57 PM ET

Company Overview of Wuxi Sharp Electronics Co. Ltd.

Company Overview

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Key Executives for Wuxi Sharp Electronics Co. Ltd.

Senior Vice President of Marketing and Business Solutions
Vice President of CE Brand Marketing
Chief Marketing Officer
Compensation as of Fiscal Year 2014.

Wuxi Sharp Electronics Co. Ltd. Key Developments

Sharp Opens New Plant in Indonesia

Sharp held a grand opening ceremony of its new plant based in Karawang, Indonesia. This new plant started mass production of washing machines from September 2013 and refridgerators from October 2013, and is scheduled to be in full operation by the end of March 2015. Production capacity on a monthly basis at full operations will be 220,000 units for refridgerators and 140 thousand units for washing machines, both mainly to be supplied to meet the local demands. The company has announced in its Medium- Term Management Plan last May that the expansion of global business centering the ASEAN region is one of Sharp's major action plans. With the start of operations at this Karawang Plant, Sharp would like to enforce its business expansion in the ASEAN region.

Motorola Loses Antitrust Lawsuit Against Samsung Electronics and Sharp

Motorola Mobility lost most of an antitrust lawsuit against a group of Asia-based liquid crystal display (LCD) panel makers including Samsung Electronics, Sharp and several others whom it alleged of involved in long-running price fixing conspiracy. Motorola's foreign affiliates made over 99% of the LCD purchases, which later assign their claims to the US-based firm. The search company's mobile unit claimed that it was harmed by the defendants' price fixing for displays purchased by its partners outside the US and used in phones that were sold inside and outside the country. Originally, Motorola filed the case in 2009 prior to spinning off its mobile-phone making unit.

The California Public Employees' Retirement System Awards Multiple HMO Contracts to Health Net, Inc., Anthem Blue Cross, California Physicians' Service, Inc., Sharp and United Health Care

The California Public Employees' Retirement System (CalPERS) announced that five companies will administer its Health Maintenance Organization plans for the next five years. The CalPERS Board of Administration voted to award HMO contracts to Anthem Blue Cross, Blue Shield of California, Health Net, Sharp and United Health Care. The five-year contracts will begin January 1, 2014, and run through December 31, 2018. CalPERS will also continue to offer Kaiser Permanente as one of its HMO options for members. The Board made its decision after reviewing the final staff evaluations of the responses to the Request for Proposals (RFP) for health plan administrators that CalPERS issued in October. CalPERS challenged bidders to offer innovative approaches for its health program and fully explore all options to provide high-quality, affordable care. The bidders' technical and financial responses had to meet stringent requirements, and staff found that most of the proposals offered high-quality health benefits and demonstrated a long-term commitment to reducing costs and an ability to meet CalPERS needs. The HMO contract will affect more than 400,000 members currently enrolled in Blue Shield of California HMO Plans.

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