Sanyo raises RI prices

Sanyo raises RI prices

TOKYO (Reuters): Sanyo Electric Co Ltd said on Tuesday it
raised wholesale prices of its products in Indonesia by 50
percent in January in line with rising costs of importing
components and materials caused by the weakened Indonesian
currency.

Jakarta-based Sanyo Industries Indonesia, owned 65 percent by
Sanyo and the rest by local investors, cut production by 20
percent in mid-January, a Sanyo spokesman said.

Sanyo Industries Indonesia produces refrigerators, air
conditioners and washing machines, as well as compressors for use
in refrigerators and air conditioners.
Sanyo had raised the price of its products in Indonesia by 15
percent in autumn last year.