"Panasonic and Technics are brand names for Matsushita Electric Industrial Co Ltd. of Japan (MEI), one of the World's largest manufacturers of consumer electronics and ranked 3rd on the Fortune 500 Electronics & Electrical Equipment Index.

The company was founded in 1918 in Osaka, Japan by Konosuke Matsushita and has grown from just 3 employees to over 260,000 people worldwide.

Panasonic UK was established in 1972.

Since then the company has grown substantially and become a leading supplier of consumer and business related electronics products.

Its headquarters is located in Bracknell, Berkshire and this is supported by a national Logistics Centre in Northampton.

The company currently employs more than 500 staff and has an annual turnover in excess of £700m.

There are also separate companies within the UK responsible for the sales of industrial products such as components and computer peripherals (Panasonic Industrial) and professional video and broadcast products (Panasonic Broadcast).

Panasonic's parent company, Matsushita Electric Industrial Co. Ltd., has also established a number of manufacturing plants in the UK and in total the company now employs around 4,000 people in the UK.

The UK operation is part of a significant European presence, both in manufacturing, sales and R&D which now employs some 15,000 people in total".

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