June 19, 2013 2:15 AM ET

Household Durables

Company Overview of SANYO Electric Co., Ltd.

Company Overview

SANYO Electric Co., Ltd. designs and produces televisions, solar power generating systems, batteries, multimedia projectors, and electronic components. It provides visual products, such as projectors, dual and digital cameras, LCD televisions, and color televisions; audio products, which comprise digital media players, Hi-Fi systems, portable audio/radios, and office equipment; and air conditioners, including split type/multi-split type, gas heat pump type, heating solutions, and absorption chillers. The company also offers home appliances, which comprise refrigerators/freezers/water dispensers, dishwashers, washing machines, vacuum cleaners, microwave ovens, kitchen appliances, personal car...

Detailed Description

5-5 Keihan-Hondori 2-Chome

Moriguchi City

Osaka,  570-8677

Japan

Founded in 1947

92,675 Employees

Phone:

81 6 6991 1181

Fax:

81 6 6992 0009

panasonic.co.jp/sanyo

Key Executives for SANYO Electric Co., Ltd.

President and Executive Director
Senior Vice President and Company President of Commercial Solutions Company
Age: 59
Head of Solar Technology and President of Sanyo Semiconductor Co
President of Panasonic Corporation and Director of Panasonic Corporation
Age: 67
Head of Energy Business
Compensation as of Fiscal Year 2012.

SANYO Electric Co., Ltd. Key Developments

Panasonic Reportedly Mulls Divesting SANYO's Manufacturing Operation

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 Reportedly Eyes Stake In Hefei Rongshida Sanyo

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., Ltd. to Cut 140 Jobs and Close Solar Wafer Factory in Carson, California; Plans to Open 300 MW Plant for Wafers, Solar Cells and Modules in the Kulim Hi-Tech Park in Kedah in Malaysia

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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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 6, 2013
Newsan S.A.
Merger/Acquisition
January 15, 2013
Taiwan Sanyo Electric Co.,Ltd.
Merger/Acquisition
December 21, 2012
Xacti Corp.
 

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