Next to the statue is the Panasonic Museum which is ­dedicated to Matsushita who founded the electronics company 100 years ago. He founded Matsushita Electric Housewares Manufacturing Works in Ohiraki-cho, Osaka in 1918, and in four years built a factory. As the company’s exports grew, he established Matsushita Electric Trading Co Ltd in 1935 but changed the name to Matsushita Electric Industrial Co Ltd when he incorporated it. After a long search and ­negotiations, he secured a tie-up with Philips and formed a joint venture company, Matsushita Electronics Corporation. To reflect the firm’s status as a formidable global player in the electronics industry, the National name was changed to Panasonic in 2008.

Source: The Star April 02, 2018 02:26 UTC