Sanyo to Spend Y19 Billion to Boost Solar Cell Capacity

Sanyo Electric Co. Ltd. said on Tuesday it will spend 19 billion yen (US$161 million) to more than double its solar cell production capacity to better compete with larger rivals such as Sharp Corp.

Solar cells are one of the core businesses of the struggling consumer electronics maker, which also focuses on rechargeable batteries, digital cameras and mobile phones.
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