Matsushita to change name to Panasonic

Posted: January 13, 2008 in Tech

Matsushita Electric Industrial Co. said it will change its name to Panasonic Corp. on Oct. 1, 2008, adopting the name of its brand well known overseas to better compete in the global market.

In a statement, Matsushita said the company name change and brand unification is a bold step forward to make the company a truly global corporation.

The cost of the name change will total 30 billion yen.

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