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SANYO Marks Groundbreaking of New Factory in Salem, Oregon

Production to Start from October 2009

October 15, 2008

Salem, OR, October 15, 2008 – SANYO North America Corporation, SANYO Electric Co., Ltd. (SANYO)’s regional headquarters for the North American market, today announced it had broken ground on its recently announced new factory in the Renewable Energy and Technology Park of Salem, part of the City of Salem, Oregon. The new factory is slated to begin operations in October 2009, and will produce solar ingots and wafers used in the manufacture of solar photovoltaic cells.

At the event, Mr. Kazuhiko Suruta, Executive Vice President of SANYO and Head of the Solar Business, said, “Today we take an important step to accomplish our plan for an annual production capacity of greater than 600MW by FY 2010 as we break ground for the new factory. SANYO is deeply grateful for the cooperation of the government of the state of Oregon and the people of Salem which has made this groundbreaking ceremony possible.”

SANYO is planning to meet the growing demand in its three key markets including America, Europe and Japan for solar power by investing in expanding production, as part of its previously announced plan to have a global annual capacity of more than 600MW by FY 2010. SANYO Solar of Oregon LLC will provide the fundamental materials, ingots and wafers, necessary to manufacture SANYO’s proprietary HIT® solar cells and modules. SANYO first started researching and developing amorphous solar cells in 1975, and was the world’s first to commercialize amorphous-type solar cell production in 1980. In 1997, SANYO started the mass production and sales of its world-leading conversion efficiency HIT solar cells, currently manufacturing the ingots and wafers in the US, the cells in Japan, with module assembly plants located in Mexico, Hungary and Japan.

About SANYO
SANYO Electric Co., Ltd. was incorporated in 1950. The name SANYO in Japanese means “three oceans”: the Pacific, Atlantic, and Indian oceans, and symbolizes the Company’s global perspective. SANYO aims at becoming 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 FiscalYear 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.

For Press Contact
Akihiko Oiwa
SANYO North America Corporation
Corporate Communications
+1-619-661-1134 (office)



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