23 Facts About Matsushita Electric


Matsushita Electric has sold products under a number of other brand names during its history.

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In 1927, Matsushita Electric adopted the brand name "National" for a new lamp product.

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Matsushita Electric began to use the brand name "Technics" in 1965 for audio equipment.

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Panasonic, then Matsushita Electric, was founded in 1918 by Konosuke Matsushita as a vendor of duplex lamp sockets.

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Sanyo grew to become a competitor to Matsushita Electric, but was later acquired by Panasonic in December 2009.

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In 1961, Matsushita Electric traveled to the United States and met American dealers.

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Matsushita Electric began producing television sets for the U S market under the Panasonic brand name, and expanded the use of the brand to Europe in 1979.

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In 1968, Matsushita Electric began to make rotary compressors for air conditioners, and, in 1971, it began to make absorption chillers, for air-conditioning applications.

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In 1972, Matsushita Electric established its first overseas factory, in Malaysia.

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In 1973, Matsushita Electric established "Anam National", joint venture with Anam Group in South Korea.

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In 1983, Matsushita Electric launched the Panasonic Senior Partner, the first fully IBM PC compatible Japanese-made computer, and it released inverter air conditioners.

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In 1984, Matsushita Electric established the Panasoft software label, which published software for MSX computers from 1984 to 1989.

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Matsushita Electric manufactured MSX computers of their own, such as Panasonic FS-A1.

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In November 1990, Matsushita Electric agreed to acquire an American media company, MCA Inc, the predecessor of both Universal Music Group and Universal Pictures, for US$6.

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At the time, Matsushita Electric had dominated the home video market with the company's leading position in the electronics market.

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In 1992, Matsushita Electric made the Panasonic FS-A1GT, the last model of the MSX turbo R computer.

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In late 2006, Matsushita Electric began talks with Kenwood Corporation to sell and spin off JVC.

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Matsushita Electric said it was looking at potential sites in Nevada, Arizona, Texas, New Mexico and California.

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Matsushita Electric intends to use South Africa as a springboard into Africa, with Nigeria and Egypt as its initial targets.

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Matsushita Electric decided to completely exit from the liquid-crystal display panel business by 2021, marking the end of its display production, to focus its resources on the automotive and industrial businesses.

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Matsushita Electric invested a total of in research and development in 2012, equivalent to 6.

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Hiro Matsushita Electric, grandson of the company founder, is a former race car driver who ran a company overseeing sponsorship arrangements for the company.

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Matsushita Electric is one of the top scorers on the Products criteria, praised for its good product life cycles and the number of products which are free from polyvinyl chloride plastic .

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