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Reorganization of New Matsush*ta Group 
New organizational structure towards business growth of Matsush*ta Electric Industrial and Matsush*ta Electric Works
Matsush*ta Electric Industrial Co., Ltd., best known for its Panasonic brand name, and Matsush*ta Electric Works, Ltd. (MEW), on Tuesday announced a reorganization plan of sales manufacturing and related businesses of the two companies in accordance with the basic agreement between MEI and MEW signed on December 19, 2003. The reorganization plan is based on the fundamental goal of making the best use of each companies' strengths in overlapping areas related to R&D, manufacturing and sales, and aims to establish an optimum framework to achieve new business growth and effectively combine the management resources of the two companies.
MEI and MEW will integrate the sales functions of each of the electrical supplies, building materials and equipment, and home appliances businesses of the two companies, aimed at establishing an optimum organizational structure from a customer's point of view. Overlapping businesses will be unified into one organization in order to increase efficiency and further strengthen the product competitiveness by taking advantage of black-box technologies, or proprietary technologies of the two Companies
* Post was edited: 2004-10-02 10:30:00
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