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Haier, Sanyo Electric set up joint venture

Posted: 17 Jan 2002 ?? ?Print Version ?Bookmark and Share

Keywords:haier? sanyo electric? sanyo-haier? consumer electronic?

Consumer electronics providers Haier Group and Sanyo Electric Corp. have set up a joint venture, Sanyo-Haier Corp., that will be responsible for a market resources exchange based on both China and Japan markets.

"The new technologies that Haier gets from Sanyo will depend on the cooperation in the market. The new technology cooperation won't take effect until consumers accept our products," said Zhang Ruimin, CEO of Haier.

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