Pioneer to Expand Car Electronics Output in China and Thailand; New Manufacturing Company in China, Constructing 2nd Plant Building in Thailand

Pioneer Corporation announced today that the company has decided to dramatically expand production capacity for car electronics products at its two major production bases in China and Thailand toward this summer and spring respectively. This move is to respond to high growth potential in car electronics products.

At these two major production bases, Pioneer will manufacture over 80% of its total car electronics output (currently about 70%) when going into full-scale production at the new facilities.

Pioneer will establish a new manufacturing company in an export zone in Shanghai to strengthen productive capacity for export car electronics products. The new company will start its operation in August 2007.

Outline of the new company Pioneer Electronics (Shanghai Export Zone) Co., Ltd.


Address: 3111 Huan Cheng Xi Road, Fengxian District, Shanghai, China
Capital: 10 million U.S. dollar
(Capitalized 100% by Pioneer China Holding Co., Ltd.)
Managing Director: Hiroyuki Mineta
Start of operation: August 2007 (scheduled)

Thailand

Pioneer will construct its second plant building on the premises of Pioneer Manufacturing (Thailand) Co., Ltd. to expand the output for car electronics products in Thailand. The new plant will start its operation in April 2007.




About Pioneer Corporation

Pioneer Corporation is one of the leading manufacturers of consumer and business-use electronics products such as audio, video and car electronics on a global scale. Its shares are traded on the Tokyo Stock Exchange. For more information , please visit http://pioneer.jp.