Wednesday, November 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Twitter Tracks Apps Installed On Your Device, Introduces Offers
Ubisoft Apologizes For Assassin's Creed Unity Issues, Offers Free Game
Europe Wants Right-to-be Forgotten to Go Globally
Far Cry 4 Game Available For Free With Purchase of 840 EVO SSD
UK Music Industry Seeks For New Tax on CD Copying
Samsung's DeepSort Sorting Engine Prevails In Benchmarks
Sony Plans E-Paper Watch: report
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 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.


Previous
Next
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 Expands Toughbook H2 Battery Recall in The United States
Panasonic Raises Profit Outlook
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
Panasonic Introduces Rugged 7-inch Android Tablet
Panasonic to Start Licensing Unified IP Core for HD-PLC
Panasonic to Offload Sanyo's North America TV Business
Panasonic Develops 85-inch 4k Touch Screen, Showcases New HEVC LSI
Panasonic Commercializes Pin-Shaped Lithium Ion Battery For Wearables
Panasonic To Close DVD-player Factory In Slovakia
Panasonic and Leica Expand Partnership Agreement
Panasonic Reveals The Lumix DMC-LX100, Lumix DMC-GM5 Cameras And the DMC-CM1 Smartphone
Panasonic Showcases Optimized Workflow at IBC 2014

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .