May 30, 2004, 4:42 PM

“National” Changed Name to “Panasonic”, Heading For a New Era at MEI By Hadi Keshavarzi

TEHRAN May 30 (MNA) –- In a press conference which was held on May 28, 2004 in Tehran, Hisa Yuki Yania, the General Manager of Matsushita Electric Industrial Company (MEI) in Iran, announced that the parent company, Matsushita Ltd., has initiated a process of global brand unification for its National and Panasonic brand names.

All National products enter a new age under the brand name Panasonic, intending to open a new horizon to worldwide customers in electronics and home appliances industry, Yania stressed. 

 

He said that these two brands unified into single brand “Panasonic” in order to strengthen further brand competitiveness worldwide, and initiate new era at MEI by supplying the world with pioneering products under the brand name Panasonic.

 

Yania emphasizing that the brand unification is a turning point in supplying the world with state-of-the-art electronics and home appliances technology said that the brand unification has taken place across Middle East, Asia, China except for Japan, where it will continue to use the National brand name.

 

National was adopted as brand name in 1927 by founder of Matsushita Electric Industrial Company, Konosuke Matsushita, and became very popular brand in the world and since the brand name had been registered before in the U.S. and could not be used, the company introduced the Panasonic brand name in 1961, he said.

 

He added that currently MEI is best known for its Panasonic brand all over the world, in particular in U.S. and Europe, as a worldwide leader in the development and manufacture of electronic products for a wide range of customers.

 

Addressing the reporters Yania said that from now on this celebrated brand, that is to say Panasonic, would replace National brand under the brand slogan “Panasonic ideas for life” which implies the customer-oriented strategy behind the development of Panasonic products.

 

Pointing to brand unification process he said that Panasonic has completed its global brand unification process with the launch of a complete new range of home appliances under the Panasonic brand name in Middle East, adding that the new range includes kitchen, cleaning and wellness products enjoying up to date technology.

 

He said that it is expected that by the initiation of the new series of productions which resulted in the increased product portfolio, the company’s sales edge up by 20 percent by the end of March 2005.

 

Based in Osaka, Japan, MEI achieved consolidated sales of $61.68 billion for the fiscal year ended March 31, 2003.

 

HK/IS
END
MNA

News ID 6048

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