Sanyo to invest US$161 million on solar cells
By Masaki Kondo TOKYO, Bloomberg / December 20, 2006
source: chinapost.com
http://www.chinapost.com.tw/news/archives/business/20061220/98014.htm
Sanyo Electric Co., the world’s biggest maker of rechargeable batteries, said it will invest 19 billion yen (US$161 million) in solar cell production over the next two years as demand is increasing. Sanyo expects production capacity to double to 350 megawatts in the fiscal year starting April 2008, the Osaka-based company said in a statement Tuesday. Output of panels will probably total 260 megawatts next year, matching a forecast the company provided first in June.