Thursday, November 26, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
HP Profit Lower Than Expected
Police Arrests Fifth Suspect In TalkTalk Hack Investigation
Toshiba Develops Fast 3D Metal Printer
ECS LIVA X2 Mini PC Runs Windows 10
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Panason...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, November 07, 2008
Panasonic and Sanyo Start Discussions for Capital and Business Alliance

Panasonic and SANYO Electric Co., Ltd., upon the resolutions of the meetings of their respective Boards of Directors held on November 7, 2008, agreed to start discussions for a capital and business alliance between Panasonic and Sanyo.

"Panasonic has been challenging under the "Panasonic" brand to generate "ideas for life" for the future. On the other hand, SANYO has been seeking to become a "Leading provider of Environment- and Energy-related products". Through this capital and business alliance based on the premise of making SANYO a subsidiary of Panasonic, we aim to share both companies' management know-how and business resources while collaborating with each other, thereby creating a global competitive foundation which will maximize corporate values of both Panasonic and SANYO and bring benefit for both companies' shareholders and all other stakeholders, including customers and employees," the companies said in a statement.

In the Energy Business Domain, both Panasonic and SANYO will be able to utilize their complementary technology by cooperating with each other in order for both companies to contribute to the development of the rechargeable battery market as well as its provision of global sales networks in order to expand SANYO's solar and energy businesses. In the Electronics Business Domain and the Ecology Business Domain, the companies plan to expand the range of products and mutually utilize each other's sales channels, in each of the digital, commercial, device and white goods businesses included in these domains.

Moreover, the companies are expected to reduce the production and development cost through technical collaboration.

Considering the above, Panasonic and SANYO said that they would immediately set up a project team, to start intensive discussion on the capital and business alliance between both companies based on the premise of making SANYO a subsidiary of Panasonic, keeping a variety of options in mind.

"We aim to maximize corporate values of both Panasonic and SANYO to bring benefit for both companies' shareholders and all other stakeholders including customers and employees," the companies said.

Progress of the discussions between both companies will be announced at around the end of December 2008.

PEGASYS Set to Release TMPGEnc Authoring Works 4        All News        AMD and Red Hat Demonstrate Live Migration of Virtual Machines Across Vendor Platforms
Microsoft Introduces Windows 7 to Hardware Partners     General Computing News      Yahoo Looks at Microsoft As Google Walks Away From Ad Deal

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
Panasonic DMR-UBZ1 Is The World's First BD Recorder With Ultra HD Blu-ray Playback Capability
Panasonic Develops High-Power Blue-Violet Laser
Panasonic To Showcase New Technics Products And THX-Certified OLED TVs At IFA
Panasonic to Start Mass-Production of the Sensitive Curved Touch Panel
New 20.3-Megapixel LUMIX DMC-GX8 Comes Supports 4K Capabilities
Panasonic Reports Profit
Panasonic Introduces the Wearable POV Action-cam HX-A1
Panasonic to Share Intellectual Property to Boost Internet of Things
Panasonic Unveiled Data Storage Backup Unit at OCP 2015
MWC: Panasonic Nubo Monitoring Camera Has 4G Connectivity
Panasonic Showcases VR Headset, Produces World's Largest Aspheric Lens

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .