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1918
- When it was first established in 1918 the company was known as Matsushita Electric Housewares Manufacturing Works, which was changed to Matsushita Electric Manufacturing Works in 1929.
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Age 88 (Dec. 1982) Portrait. Here you can learn about the path of Konosuke Matsushita's 94-year life, enjoy 30 selected gems of Konosuke's wisdom, digests of past special exhibitions held at the Konosuke Matsushita Museum, online exhibition content, and more.
Apr 23, 2024 · Matsushita Konosuke (born Nov. 27, 1894, Wakayama prefecture, Japan—died April 27, 1989, Ōsaka) was a Japanese industrialist who founded the Matsushita Electric Industrial Co., Ltd., the largest manufacturer of consumer electric appliances in the world.
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- Fast Facts: About Matsushita Electric Corporation of America
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Matsushita Electric Corporation of America (MECA) is the North American division of the world's leading consumer electronics producer, Matsushita Electric Industrial Company, Ltd., which posted sales of over $64.3 billion in 1997. Its MECA division contributed $7.4 billion in revenues to the parent company's sales. MECA manufactures popular-brand P...
Matsushita Electric Industrial of Japan was listed number 23 in Fortune's"Top 25 Of The Fortune Global 500" list in 1998, with total sales of $64.3 billion in 1997. MECA's 1996 performance represented a marginal increase over 1995's $7.3 billion and 1994's $7.2 billion in sales, but well above 1993's $6.5 billion in revenues. Since 1989, when the c...
In 1918 Konosuke Matsushita founded his first company, Matsushita Electric Housewares Manufacturing works, which later became Matsushita Electric Industrial Company (MEI), based in Osaka, Japan. MEI's early products included radios and dry cell batteries and, by the 1930s the company was aggressively researching television technology, which would b...
MECA planned to emphasize its Panasonic brand more in the 1990s and therefore changed the name of some of its divisions to reflect the added emphasis and more aggressive marketing of Panasonic. The company also formed Panasonic Corporate Enterprises Co. in 1996, in part to strengthen Panasonic's brand image. In 1997 a new subsidiary, Panasonic Digi...
Ownership: Matsushita Electric Corporation of America is the umbrella organization for the North American operations of Matsushita Electric Industrial Co., which is a publicly held company traded on the New YorkStock Exchange. Ticker symbol:MC Officers:Yoshinori Kobe, Chmn., CEO, & COO; Takao (Ted) Takahashi, VP & CFO; Paul Liao, Chief Technology O...
MECA and other consumer electronics companies found themselves in a slow period in the mid-1990s when sales of traditional electronics began to slacken and decline. Even though MECA's sales rose dramatically in the late 1980s and the early 1990s, by mid-decade they began to stagnate, growing about 1 percent in 1997. Moreover, the entire consumer el...
As two new fields of consumer and industrial electronics emerged in the mid-1990s, MECA took measures to ensure that it would be a key producer of the new technology. With a Federal Communications Commissionmandate to begin high-definition television (HDTV) broadcasting in 1998 and to replace standard-definition television with HDTV by 2006, televi...
1918:
1. Konosuke Matsushita establishes Matsushita Electric Housewares Manufacturing to make electric plugs
1935:
1. Incorporates as Matsushita Electric Industrial
1959:
1. Matsushita Electric Corporation of America (MECA) is established in New Jersey
In 1997 and 1998 MECA rolled out some innovative new products, including a digital camera, a LCD micro-camera, and a DVD player and drive. The digital camera, EggCam, features full video capture and adjustability capabilities for capturing images on a computer and for video conferencing. PalmCam marked the company's entrance into the mini-camera ma...
In 1984 MECA established the Panasonic Foundation and operates with a $20 million grant from the parent company. The Panasonic Foundation strives to enhance public education, and thereby human life, in keeping with the visions of the company's founder, Konosuke Matsushita. By forming partnerships with entire school districts, from superintendents t...
Aug 8, 2021 · Konosuke Matsushita, whose storybook rise from poverty to prosperity as founder of the world`s largest consumer electronics products manufacturer made him Japan`s most famous and revered...
Establishing Matsushita Electric Corporation of America (MECA): in 1959 at age 64. In 1959, ready to expand his business activities abroad, Konosuke founded MECA in New York as the first post-war overseas sales company.
Matsushita Electric was on the way to becoming a giant in the industry. The 1923 bullet-lamp was followed by an electric space heater, an electrically heated table, and a new type of thermostat. The first Matsushita radio, a 3 vacuum tube model, was introduced in 1931.
Matsushita developed the revolutionary “Attachment Plug” with dual sockets for lightbulbs and electric sockets, making electrical appliances more accessible for everyone. Panasonic Group’s Founding Product With its innovative design and affordable price, the Attachment Plug was a hit product — and the beginning of Panasonic’s story.
