Panasonic Electric Works

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Panasonic Electric Works Co., Ltd. (パナソニック電工株式会社?, named "Matsushita Electric Works, Ltd. (松下電工株式会社?, MEW)" until September 30, 2008) can trace its beginnings to a company that was founded in 1918 by Konosuke Matsushita. Matsushita began making the flashlight components for bicycles, then progressed to making lighting fixtures.

During World War II, the company manufactured everything from airplane propellers to light sockets. At the conclusion of World War II the U.S.A. forced the company to split into two separate companies, Matsushita Electric Works, Ltd. (MEW), and Matsushita Electric Industrial Co., Ltd. (MEI) (which became Panasonic).

MEW conducts business in automation controls, electronic materials, lighting products, information equipment and wiring products, building products and home appliances.1 In 2004 MEW began a pursuit of collaborate business ties with its brother company, MEI.

Panasonic Electric Works head office in Shinbashi, Tokyo.

On July 29. 2010 Panasonic reached an agreement to acquire the remaining shares of Panasonic Electric Works and Sanyo shares for $9.4 billion. 234

References

  1. ^ "Panasonic Electric Works- Line of Business". 
  2. ^ Announcement of Agreements toward Panasonic’s Acquisition of All Shares of Panasonic Electric Works and SANYO
  3. ^ Panasonic buying Sanyo and other unit for $9.4 billion
  4. ^ Consolidation Continues: Panasonic To Buy Sanyo
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