Sanyo to Invest $3 Billion in Green Energy Technology May 11, 2010

Printable format  Email this Article  Search

Sanyo Electric Company put in place a new three-year mid-term management plan that will have it investing heavily in green energy technology. Sanyo, which is mostly owned by Panasonic Corp., plans a total capital expenditure investment of 290 billion yen (approx. US$3.1 billion) before the end of the Mid-term Management Plan in March 2013.

About 60% of the investment will go into Sanyo's photovoltaic system and rechargeable battery businesses, which are expected to expand widely by March 2013. The photovoltaic system business is targeted to receive about 50 billion yen over the next 3 years; the rechargeable battery business should get about 120 billion yen.

Back to Daily News