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In 1959, SANYO earned 800 million yen on sales of 14
billion yen in only 6 months. In the same year, 1,300 new
recruits were hired at one time bringing the total number of
SANYO employees up to over 8,000. And from the late 1950s
to the end of the '60s, sales grew by more than 30% each year.
Existing plants were expanded one after the other. SANYO
started to produce color TVs and various other appliances for
commercial use such as ice cream refrigeration units. SANYO
was quickly becoming a comprehensive electric appliance maker.
In addition to Tokyo SANYO, the company added three more
domestic production bases: the Sumoto Plant in 1964, Tottori
SANYO Electric Co., Ltd. in 1967 and the Gifu Plant in 1969. At
the same time, SANYO aggressively established global production
bases to get around import restrictions on Japanese products.
These bases included companies such as SANYO Electric
Co., Ltd. in Hong Kong, SANYO Electric Co., Ltd. in Taiwan, and
Ghana SANYO Co., Ltd.
Toshio's goal was to maintain one hundred plants throughout
the world. "I have been very fortunate in my life. Through
the support of my parents, wife, friends and employees, I have
been able to establish and expand SANYO Electric. And I will
continue to make every effort to ensure that SANYO employees
have a promising future. I believe that it is also important
for me to help the Japanese industry venture into the global
market. To do this, the company must develop technologies
equal or better than those of other makers around the world.
After traveling to many countries, I am confident that we can
do this. While keeping Japan as SANYO Electric's headquarters,
I plan to maintain many branch manufacturing plants in
foreign countries. By exporting innovative products like our
transistor radios, I intend to show the world Japan's technological
expertise and highgrowth potential. In the future, I believe
that color TVs and other electric products will further
strengthen Japan's reputation as a technological leader." |
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