Article: Matsushita Electric (Panasonic) and Toray agree to collaborate on Plasma Display Panel (PDP) business.

M2 PRESSWIRE-28 September 2000-MATSUSHITA ELECTRIC: Matsushita Electric (Panasonic) and Toray agree to collaborate on Plasma Display Panel (PDP) business (C)1994-2000 M2 COMMUNICATIONS LTD

RDATE:28092000

Matsushita Electric Industrial Co., Ltd., best known by its Panasonic brand name, and Toray Industries, Inc., today announced that they have signed a joint venture agreement in the PDP area. Under this agreement, Matsushita will invest 75% and Toray will invest 25% share in Matsushita PDP Company Ltd. (MPDP), which will be a new joint venture company to be established in October 2000. The new company will be manufacturing PDP panel devices and ...

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