Sanyo to invest 200 bil. yen in batteries, photovoltaic power

[jpak]

http://www.yomiuri.co.jp/dy/business/20071118TDY06309.htm

Sanyo Electric Co. will invest more than 200 billion yen in its rechargeable battery and photovoltaic power generation businesses over the three years from fiscal 2008, according to a company business strategy master plan obtained by The Yomiuri Shimbun.

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Sanyo's rechargeable battery and photovoltaic power generation businesses have the largest share of their respective global markets. The firm, which currently is in the process of reconstruction, aims to improve its business structure by focusing on these profitable sectors.

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The global market for photovoltaic power generation is expected to double in the 2006 to 2010 period. In accordance with this growth, Sanyo initially planned to increase its production capacity to 600 megawatts per year from 165 megawatts in fiscal 2006. However, the firm changed the plan and now will double its planned capacity to hit 1,200 megawatts per year over the three years from fiscal 2008 to 2010 by investing 110 billion yen.

Sanyo plans to invest 100 billion yen in its rechargeable battery business, mainly to improve its production capacity for lithium ion rechargeable batteries that are used for personal computers, cell phones and hybrid electric vehicles.

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[bluerum]

1. And the US plans to spend 100 trillion dollars (11,119,000,000 yen) killing

people to feed its oil habit.