1947: 'SANYO Electric Works' founded in Honmachi, Moriguchi City, Osaka. SANYO's first model of bicycle generator lamp (Model 47) launched. 1949: Commenced export, supplying 5,000 bicycle generator lamps by order of GHQ (General Headquarters of the Allied Forces). 1950: 'SANYO Electric Co., Ltd.' established in Umemachi, Moriguchi City. Sanyo Electric, Inc., 1200 W. Walnut St., Compton, CA 90220 also either manufactured and/or distributed products in the USA for Wilco. Sanyo Electric Co., Ltd. (三洋電機株式会社, San'yō Denki Kabushiki-gaisha), stylized as SANYO, was a Japanese electronics company and formerly a member of the Fortune Global 500 whose headquarters was located in Moriguchi, Osaka prefecture, Japan. Sanyo had over 230 subsidiaries and affiliates,[4] and was founded by Toshio Iue in 1947. On December 21, 2009, Panasonic completed a 400 billion yen ($4.5 billion) acquisition of a 50.2% stake in Sanyo, making Sanyo a subsidiary of Panasonic.[5][6] In April 2011, Sanyo became a wholly owned subsidiary of Panasonic, with its assets integrated into the latter's portfolio.[7] Sanyo was founded when Toshio Iue the brother-in-law of Konosuke Matsushita and also a former Matsushita employee, was lent an unused Matsushita plant in 1947 and used it to make bicycle generator lamps. Sanyo was incorporated in 1949; in 1952 it made Japan's first plastic radio and in 1954 Japan's first pulsator-type washing machine.[4] The company's name means three oceans in Japanese, referring to the founder's ambition to sell their products worldwide, across the Atlantic, Pacific, and Indian oceans. |
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