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Company Overview of SANYO Electric Co., Ltd.
Company Overview
5-5 Keihan-Hondori 2-Chome
Moriguchi City
Osaka, 570-8677
Japan
Founded in 1947
92,675 Employees
Key Executives for SANYO Electric Co., Ltd.
SANYO Electric Co., Ltd. Key Developments
Panasonic Corporation (TSE:6752) is looking at divest 30% stake in SANYO Electric Co., Ltd.’s key manufacturing operation, sources familiar with the matter said. Panasonic may divest Sanyo Techno Solutions Tottori Co., Ltd. by the fiscal year ending in March 2016 and is also looking at cutting production of Sanyo-brand televisions, the sources said.
Whirlpool Corp. (NYSE:WHR) is known to be interested in acquiring 29.51% stake in Hefei Rongshida Sanyo Electric Co.,Ltd (SHSE:600983) from SANYO Electric Co., Ltd.
Sanyo Electric Co will cut about 140 jobs and close an aging solar wafer factory in Carson, California. The plant, which makes the equivalent of 30 megawatts of silicon ingots and wafers for solar cells a year, will stop production next month and close in October 2012. Equipment at the plant, opened in 2003, was getting old and the company found it difficult to expand the business there because of the small size of the site. Sanyo Electric Co. prepares to start up operations at a plant in Malaysia. Panasonic announced in November it will invest ¥45 billion to build a 300 MW plant for wafers, solar cells and modules in the Kulim Hi-Tech Park in Kedah, Malaysia. Production will start in December 2012.
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To contact SANYO Electric Co., Ltd., please visit panasonic.co.jp/sanyo. Company data is provided by Capital IQ. Please use this form to report any data issues.
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