Source Pravda.Ru

Matsushita, Canon, Hitachi unite to develope LCD business

By Alexandra Steblinina. Sony’s alliance with South Korea's Samsung Electronics and the Sharp and Toshiba team will soon face strong new rival in their liquid crystal display businesses – as Matsushita, Hitachi and Canon announced Tuesday their unity.

The three companies are to merge their strength to accelerate the development of cutting-edge display technologies and expand their scope of application, the AP reports.

Matsushita Electric Industrial Co., Ltd. is a Japanese electronics manufacturer based in Kadoma, Osaka Prefecture, Japan. It produces products under a variety of names including Panasonic and Technics.

Matsushita was ranked the 59th company in the world in 2007 by the Forbes Global 500 and is among the Worldwide Top 20 Semiconductor Sales Leaders.
Hitachi, Ltd is a Japanese global company headquartered in Marunouchi Itchome, Chiyoda, Tokyo, Japan. The company is the parent of the Hitachi Group (Hitachi Gurupu).

On the 2007 Forbes Global 2000 list, Hitachi is ranked number 371.

Canon Inc. is a Japanese multinational corporation that specializes in imaging and optical products, including cameras, photocopiers and computer printers. The headquarters are in 30-2, Shimomaruko 3-chome, Ota-ku, Tokyo. Its North American headquarters is located in Lake Success, New York, USA.

Hitachi shares added 3.85 percent to 836 yen (US$7.33) after the announcement, while Matsushita stock rose 1.08 percent to 2,325 yen (US$20.38). Canon finished unchanged at 5,240 yen (US$45.94).

Comments
Argentina hides the truth about the death of San Juan submarine
Russia's Prokopchuk loses Interpol election
Russia's Prokopchuk loses Interpol election
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Putin wants Russian army rearmed almost completely by 2021
Japan ratifies agreement to supply weapons and ammo to warring states
Argentina hides the truth about the death of San Juan submarine
Argentina hides the truth about the death of San Juan submarine
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
Unemployment in Russia hits record high of 15 percent
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone
Russia to ban capture of killer whales and belugas in 2019
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores