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SANYO to Reorganize its TV Business
- aim for quicker decision making and clarify profit accountability
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| Tokyo, Aug. 11, 2006---SANYO Electric Co., Ltd. (SANYO), announce
the following restructuring measures for its TV business. |
1. TV business to be based in North America
SANYO will transfer its TV business headquarters to its main market
North America and form a global management system. In specific terms,
SANYO will change the name of SANYO Manufacturing Corporation, a TV
manufacturing company in North America, to SANYO TV International
Corporation and establish headquarters for SANYO’s TV business.
Under this company will create two business groups, a flat panel TV
business for North America and Europe and a CRT TV business for emerging
markets. SANYO will go forward with these two different strategies.
The companies for the TV business in North America and Europe, will
be SANYO Manufacturing Corporation, SANYO Industries (U.K.) Limited,
and the new SANYO Visual Technology Inc. For the TV business in emerging
markets will establish in Hong Kong, SANYO TV International Asia,
and under that will be, SANYO BPL in India, P.T. SANYO Electronics
Indonesia, and in China, Dongguan Huaquiang SANYO Electronics Co.,
Ltd., and Shenzhen Huaqiang SANYO Technology Design Co., Ltd.
The establishment of a clear global management structure will lead
to quicker decision making and clarify profit accountability.
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| Outline of SANYO TV International |
| Company name |
SANYO TV International Corporation (Tentative name) |
| Capital |
$63,835,000 USD |
| Date of establishment |
Sept. 1976 |
| Representative |
Toshiaki Iue (Senior Officer of SANYO Electric Co., Ltd.) |
| Location |
San Diego, California |
| No. of employees |
Approx. 600 |
| Proportion of holdings |
SANYO 100% |
| Business lines |
Sell & Manufacture of Color TVs. |
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2. Establish new company, SANYO Visual Technology Inc.
SANYO will spin-off development and purchasing operation of its TV
business and establish a new company in Oct. 2006.
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| New TV Business Structure |
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