Wednesday, November 08, 2006

Sanyo freezes deal with Haier

IIPM PUBLICATION
In a move to revive its lost fortunes, Sanyo Electric Co. Limited on October 27, announced a tie-up with China’s Haier Group in the refrigerator business. The group has also decided to sell its Thai refrigerator plant to Haier. Consequently, a joint venture will be formed in Japan in December when Haier will officially take over Sanyo’s refrigerator design and development operations. Haier and Sanyo are expected to hold 60% & 40%, respectively, in joint venture.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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