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Sanyo, GP Set Up Battery Venture
Sanyo Electric Co. and GP Batteries International
Ltd. of Singapore have a joint venture in Ningbo
to manufacture and market lithium manganese dioxide
primary batteries. These are used in both conventional
and digital cameras, although the market for the
former is contracting.
A Sanyo subsidiary in Tottori Prefecture holds
a 51% stake in the $25 million venture, with GP
batteries owning the remainder.
Sanyo hopes to expand sales in China by tapping
into GP’s marketing network.
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