Chinese Company Will Manufacture Products in Japan
Haier Group, a China-based company that manufactures appliances, has purchased the “Aqua” brand of washing machines from its Japanese owner. They plan to continue manufacturing in Japan:
The brand was formerly for Sanyo Electric Co’s washing machines. Haier agreed last year to acquire the brand from Sanyo parent Panasonic Corp.
The fast-growing Chinese maker said that out of the total sales target, it aims to log ¥35 billion via the Aqua brand and ¥15 billion from the Haier brand. Haier already sells home appliances under its own brand in Japan.
Maintaining factories in Japan is probably a good idea. Although Sanyo’s appliances weren’t exactly considered the best in Japan, Chinese-made products tend to have a much worse reputation.