'Panasonic Corporation' , formerly known as Matsushita Electric Industrial Co., Ltd. , can be aJapanese multinationalelectronics Company headquartered in Kadoma, Osaka, Japan.
The corporation was Launched in 1918 and it has grown to be one of the most important Japanese electronics producers alongside Sony, Hitachi,Toshiba, Canon Inc., and 3D. As well as electronics, it offers non-Digital services such as house renovation solutions.Panasonic may be the world's fourth-largest television manufacturer by 2012 market share.
Panasonic was Established in 1918 by Konosuke Matsushita as a seller of duplex lamp sockets. In 1927, it began developing bicycle lamps, the very first item which it promoted underneath the manufacturer title Countrywide.
Throughout World War II the corporation operated factories in Japan and various elements of Asia which developed electrical components and appliances like light fixtures, motors, electric irons, wireless products and its initially vacuum tubes.
After the war, Panasonic regrouped as a Keiretsu and commenced to provide the write-up war growth in Japan with radios and appliances, at the same time asbicycles. Matsushita's brother-in-legislation, Toshio Iue, Established Sanyo like a subcontractor for parts soon after Entire world War II. Sanyo grew to be a competitor to Panasonic, but was later on obtained by Panasonic in December 2009.
In 1961, Konosuke Matsushita traveled for the United States and fulfilled with American sellers. The organization began creating television sets for your U.S. market place beneath the Panasonic model name, and expanded using the brand to Europe in 1979.
The business applied the Nationwide brand beyond North The us with the 1950s to your nineteen seventies (the trademark could not be Employed in the United States mainly because it was presently in use via the National Radio Company in a very carefully linked products place). It offered televisions, VHS VCRs, high fidelity stereo receivers, multi-band shortwave radios and marine radio direction finders, often exported to North The usa under various U.S. brand name names, for instance Technics, Emerson, Curtis Mathes and of course Panasonic. The business also produced a line of dwelling appliances like rice cookers to the Japanese and Asian markets. Fast progress resulted in the corporation opening producing plants world wide.
The organization debuted a hi-fidelity audio speaker in Japan in 1965 While using the brand Technics. This line of top quality stereo components became around the globe favorites. One of the most famous products staying its turntables, including the SL-1200 record player, known for its superior overall performance, precision and durability. All over the 1970s and early 1980s, Panasonic ongoing to provide higher-good quality specialized electronics for area of interest markets which include shortwave radios, in addition to establishing An effective line of stereo receivers, CD players together with other components.
In 1973, Matsushita shaped a three way partnership with Anam Group, Anam Countrywide.
In 1983, Matsushita introduced the Panasonic Senior Companion, the 1st fully IBM PC compatible Japanese-manufactured Laptop.
In November 1990, Matsushita agreed to accumulate the American media company MCA Inc. for US�six.59 billion. Matsushita subsequently bought eighty% of MCA to Seagram Company for US$7 billion in April 1995.