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Sony to close smartphone plant in Beijing, shifting production to Thailand

FILE PHOTO, A worker takes a photo of a new Sony Xperia 10 Plus in this posed photo on a pre-launch event of the Sony offices in London, great Britain February 14, 2019. Photo 14 February 2019. REUTERS/Simon Dawson

BEIJING/TOKYO (Reuters) – Sony Corp will close its smartphone plant in Beijing in the next few days, a spokesperson of the company said that, as the Japanese electronics giant aims to ensure that the costs in the loss-making business.

Sony will shift from the production to the factory in Thailand in a bid to halve the cost and turn the smartphone business profitable in the year from April 2020, the spokesman said on Thursday.

The Sony smartphone company was one of the few weak spots in the otherwise solid gains, brace for a loss of 95 billion yen ($863 million) for this year.

($1 = 110.1200 yen)

Reporting by Pei Li in BEIJING, and Makiko Yamazaki in TOKYO; Additional reporting by John Ruwitch in SHANGHAI; Editing by Stephen Coates

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