Sanyo To Sell Japanese A/C and Vending Plants
Sep 19, 2005
 Print this page

Sanyo Electric Company (Tokyo, Japan) said yesterday it will sell two closed factories in Japan - a commercial air-conditioner plant in Tochigi Prefecture and a vending machines plant in Saitama Prefecture - according to a Reuters report. The closing come as a part of a plan Sanyo announced in July cut in half, by March of 2008, its 1.2 trillion yen (approx. U.S. $10.8 billion) of interest-bearing debt. Outlined in the plan were aims to trim its worldwide workforce by 15 percent and shut down 20 percent of its Japanese plant floor space.

Back to Breaking News