Matsushita invests in China

February 23, 2004 – Japan’s Matsushita Electric Industrial plans to invest 120 billion yen ($1.1 billion) over the next three years to boost its China operations, according to the Financial Times.

The company, which recently announced plans to add a 130 billion yen ($1.21 billion) production facility in Uozu, Japan, aims to more than triple its sales in China by 2006 to 1.0 trillion yen ($9.4 billion).

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