Fab News

TOKYO – Some 90 years after its founding, Matsushita Electric Industrial Co. is shedding its eponymous name.

As of Oct. 1, Japan’s second-largest technology company will officially assume the name Panasonic Corp., a nod to its global brand.

President Fumio Ohtsubo said the decision was difficult, but that the brand will benefit from shedding the original name for the better-known moniker.
 
The name change will become effective Oct. 1, pending shareholder approval.

Matsushita was founded in 1918 by then 23-year-old Konosuke Matsushita.
 


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Beaverton, OR - As reported by Reuters, Merix reported a quarterly loss related to a factory closure in Hong Kong, and said it will cut about 180 jobs in North America where the PCB maker is being hit by a slowdown.

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NORFOLK, UK - Two PWB fabricators merged this week, with One Way Circuits LTD. acquiring Leicester Circuits UK. No financial terms were disclosed.

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