Sanyo to Build Oregon Plant

Sanyo North America Corporation, a subsidiary of Sanyo Electric Co., Ltd. (SANYY.PK), announced plans to construct a new plant for the manufacture of silicon ingot and solar wafers in the Salem Renewable Energy and Technology Park in Salem, Oregon.

The plant is planned to begin operations in October 2009, and be at full operation by April 2010 with a production capacity of approximately 70 megawatts (MW), bringing the total ingot and wafer production capacity in America to approximately 100 MW.

This will be Sanyo’s second U.S. plant for ingot and wafers, and it will be constructed and organized by a new company, Sanyo Solar of Oregon LLC.

Sanyo said it is augmenting its facilities with the necessary equipment and construction of new facilities for future growth in response to market demand, moving forward to reach goals set for an annual global production capacity of at least 600 MW by fiscal year (FY) 2010.

Sanyo currently manufactures silicon ingot and wafers in the U.S. and solar cells in Japan. It has module assembly plants located in Mexico, Hungary and Japan.

About SANYO

SANYO Electric Co., Ltd. aims to become a leading provider of Environment- and Energy-related products, providing product solutions for the Environment, Energy and Lifestyle with consolidated sales of US$ 20,178 million for Fiscal Year 2007. SANYO’s businesses cover a broad range of products and services such as photovoltaic (solar) systems, rechargeable batteries, HVAC/R equipment, digital imaging devices, home appliances, electronic components and others. Based on its brand vision "Think GAIA," SANYO is committed to providing cutting-edge solutions for a sustainable world by weaving together its numerous proprietary technologies. For further information, please visit http://www.sanyo.com.

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