Panasonic intends to sell SANYO technology LED business recession

According to foreign media reported on 11, Matsushita in March will be the fastest in its SANYO motor subsidiary, responsible for the production of electronic machine "SANYO technology solutions in Tottori" (in Tottori city) sold to the domestic investment fund. SANYO technology is sold, SANYO electric home on the world stage, there are about 69 years of history of home appliances, electronics giant will disappear completely.

It is understood that the party took over the Tokyo investment fund J-Will Partners, will continue to be related to the sale of the business, is expected to continue to retain about 200 workers union. SANYO technology is currently used in the production of automotive and household appliances, such as circuit boards. According to the Tokyo chamber of Commerce and industry survey revealed that fiscal year 2013 net profit of about 1 trillion and 400 billion yen (about 72 billion yuan), there have been about 2 billion 700 million yen insolvent situation.

It is reported that SANYO motor about 7000 employees will be transferred to Panasonic Corp in April. SANYO products due to the existence of after-sales service issues, SANYO will retain legal person in recent years.

Industry insiders believe that the SANYO motor was sold and Panasonic into the automotive and residential related industries. At the beginning of March 2015, Matsushita announced an official announcement of up to 400 billion yen (about 20 billion 600 million yuan) of the general corporate debt issuance plan, these bonds, in addition to repay the debt, the remaining majority will act as Matsushita automobile and housing related businesses to enter the field of funds.

The most recent period, Panasonic in residential lighting and automotive navigation system business force significantly. As Matsushita started in the middle and Near East oriented residential, hotel and commercial facilities sales of LED lighting products, health care facilities management and operations into the elderly homes, nursing homes and care stores in Japan, for the 2020 Olympic Games development, sales of wearable devices with automatic translation function, for schools, businesses and other organizations to monitor sales image pickup apparatus for automobile manufacturers supply navigation system and electronic equipment system etc..

It is understood that in recent years, LED lighting products sales in the area China Panasonic declined, 2013 Matsushita was rhetoric to Panasonic LED products throughout Chinese, but over the past two years, already gone, the reason is that a part is affected by the rise of Chinese local LED lighting business, another part is affected by the management of the enterprise itself and positioning. Coupled with the impact of the electricity supplier O2O channels, Panasonic LED lighting products store more difficult to develop.

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