About Shandong

 Basic Facts

 Geography

 Resources

 Infrastructure

 Society

 Shandong Economy

 Economic Facts

 Foreign Cooperation

 Investment Policy

 Foreign Affairs
  Agencies

 Shandong Tourism

 History & Culture

 Shandong Celebrities

 Tourist Resources

 Travel Attractions

 Star-rated Hotels

 Major Cities 

 Jinan

 Qingdao

 Yantai

 Weihai

 Jining

 Dezhou

 Zibo

 Weifang

 Heze

 Liaocheng

  Haier, Sanyo reach final deal on transfer of white goods operations  

  

 

China's home appliance giant Haier clinched a final agreement with Japan's Sanyo Electric on Tuesday to purchase the latter's white goods operations in Japan and Southeast Asia.

  QINGDAO, Oct. 18 (Xinhua) -- China's home appliance giant Haier clinched a final agreement with Japan's Sanyo Electric on Tuesday to purchase the latter's white goods operations in Japan and Southeast Asia.

  Under the agreement, Haier will buy Sanyo's washing machine and refrigerator operations in Japan and home appliance businesses in four other countries in Southeast Asia, according to a spokesman with the Haier Group, based in the coastal city of Qingdao, Shandong Province.

  The transaction is expected to be completed by the end of March 2012 and nearly 340 Sanyo employees in Japan will join Haier, said the spokesman.

  In addition, Haier will be allowed to sell washing machines, consumer refrigerators, televisions and air-conditioners under the Sanyo brand in Vietnam, Indonesia, the Philippines and Malaysia.

  The deal came after the two parties signed a Memorandum of Understanding on the acquisition in July.

  Founded in 1984, Haier has developed into a world-leading manufacturer of white goods. It reported a turnover of 135.7 billion yuan (about 21.3 billion U.S. dollars) in 2010.

 

Last
Next

close

Top  

Contact  Us  |   About  Us  |  DZWWW.COM
Copyright (C) 2000-2003    DZWWW.COM   All  Rights Reserved.