Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sanyo and Haier Sign Final Appliance Business Transfer Agreement
Oct 20, 2011
 Printable format
 Email this Article
 Search

Sanyo Electric Co., Ltd. and Haier Group signed a final agreement on the transfer of Sanyo's major appliances business to Haier. Haier will acquire Sanyo's consumer and commercial washing machine businesses, consumer refrigerator business and white goods sales businesses based in four countries in Southeast Asia.

The main points of the final agreement remain unchanged from the original memorandum of understanding (MOU), signed July 28th, 2011:

Sanyo-held shares of the following companies will be transferred to Haier:
• Sanyo Aqua Corp. - a Japan-based manufacturing and sales company of both consumer and commercial washing machines
• Konan Denki Co., Ltd. - a Japan-based manufacturer of consumer washing machines
• Haier Sanyo Electric Co., Ltd. - a Japan-based developer and engineer of consumer refrigerators
• Haier Electrical Appliance (Thailand) Co., Ltd. - a manufacturer of consumer refrigerators
• Sanyo HA Asean Corp. - a Vietnam-based manufacturing and sales company of consumer refrigerators, washing machines, and other products
• P.T. Sanyo Indonesia - a manufacturing company
• P.T. Sanyo Sales Indonesia - a sales company
• Sanyo Philippines Inc. - a sales company
• Sanyo Sales & Service Sdn Bhd - a Malaysia-based sales company

Haier Group will have the right to use the Sanyo brand name for an undisclosed period of time on certain white goods appliances, including washing machines and consumer refrigerators, and televisions in Vietnam, Indonesia, the Philippines, and Malaysia.

The two companies expect to complete the gradual transfer of the businesses by the end of March 2012.

Back to Daily News

 

Daily News

...........................................................

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows