Panasonic Electric Works Co., Ltd. (パナソニック電工株式会社?, named "Matsushita Electric Works, Ltd. (松下電工株式会社?, MEW)" until September 30, 2008) can trace its beginnings to a company that was founded in 1918 by Konosuke Matsushita. Matsushita began making the flashlight components for bicycles, then progressed to making lighting fixtures.
During World War II, the company manufactured everything from airplane propellers to light sockets. At the conclusion of World War II the U.S.A. forced the company to split into two separate companies, Matsushita Electric Works, Ltd. (MEW), and Matsushita Electric Industrial Co., Ltd. (MEI) (which became Panasonic).
MEW conducts business in automation controls, electronic materials, lighting products, information equipment and wiring products, building products and home appliances. In 2004 MEW began a pursuit of collaborate business ties with its brother company, MEI.
On July 29. 2010 Panasonic reached an agreement to acquire the remaining shares of Panasonic Electric Works and Sanyo shares for $9.4 billion.
Famous quotes containing the words electric and/or works:
“Remember dancing in
those electric shoes?
Remember?
Remember music
and beware.”
—Anne Sexton (1928–1974)
“They commonly celebrate those beaches only which have a hotel on them, not those which have a humane house alone. But I wished to see that seashore where man’s works are wrecks; to put up at the true Atlantic House, where the ocean is land-lord as well as sea-lord, and comes ashore without a wharf for the landing; where the crumbling land is the only invalid, or at best is but dry land, and that is all you can say of it.”
—Henry David Thoreau (1817–1862)