Sanyo, Quanta Joint Ventures Engage In The Production And Sale Of Flat

Beijing March 18 news: According to the latest foreign media reports, Japan’s Sanyo Electric and Taiwan’s Quanta

Computer Inc. said they have agreed to fast-growing flat-panel TV market as the goal, set up a joint venture, production and

Sell Flat-panel TV. Quanta Computer Inc., said the two sides in the joint venture factory in

Investment Will total 65 million U.S. dollars, the plant completed, it will design, production and sales

Plasma TV And LCD TV . This joint venture will build production Sanyo

Brand TV, in addition to other brands of television manufacturers. The ownership of the joint venture and some details of the issues not yet been determined. The two sides declared a joint venture plant in Japan and Taiwan, announced after the stock market closed. But on the joint venture was already boosting the Sanyo and Quanta shares rise occurs.

Sanyo Director Mitsuru Honma in a press conference held in Osaka, said: “Quanta has a

Panel Production plant, through cooperation with Quanta, can greatly reduce costs, improve

Competition Force. “Quanta and a liquid crystal

Monitor Department QuantaDisplay company. Although Sanyo currently produces LCD TVs and plasma TVs, but it needs to get from other providers required to produce these TV panel.

MichaelWang CEO of Quanta Computer, said: “with Sanyo to join hands, we expect shipments of flat-panel television at least double.” In 2005, Quanta Computer’s flat-panel TV shipments reached 350,000 units .

Analysts said the existing flat-panel TV manufacturers, such as

Sony And not on the Sanyo and Matsushita Electronics Quanta cooperation agreement signed by the blind. MizuhoSecurities senior analyst KoichiHariya said: “The flat panel TV will become even more intense competition. However, Sanyo and Quanta currently do not have a brand name, and small business.” Market research firm DisplaySearch statistics, 2005 Fourth quarter sales from the product terms, Sanyo in the global LCD TV market share of only 1.5%. This figure is far behind the leading LCD TV makers Sony 14.6% share, and ranked second

Philips 14.2% of the share. In the plasma TV market, the dominant company Matsushita,

LG Electronics , Samsung Electronics and Philips, Sanyo in the market share of only 0.3%.

Of the agreement reached at least the part of Sanyo’s restructuring efforts, Sanyo is now facing the danger of shrinking market share. Last year, Sanyo began its drastic restructuring plan, the company said it will cut 15% of staff, close factories, cut half of the debt, non-profit business in the field of water-based operations. The world’s largest

Mobile Manufacturers Nokia And Sanyo said earlier this year, they plan to set up a mobile joint venture, giving Sanyo hit a shot in the arm.

Annual production capacity of 6.5 million Sanyo

Taiwan Power Company As the majority of TV is CRT TVs, the company said it planned to retain its CRT TV. Currently, Sanyo’s TV business, major customers

Package Including the world’s largest

Retailers Wal-Mart . Phone and television services on a series of restructuring, the current investors are waiting to see their

Semiconductor And white card business may take measures to reverse the adverse situation.

Analysts said Asian manufacturers join forces with Sanyo increase may be a choice of white card business. Day, Sanyo shares rose 2.7 percent, to close at 307 yen. In Taiwan, Quanta Computer’s stock rose 4.3% to close at NT 52 yuan.