If you thought our article on Milwaukee Tool’s saw blade facility expansion was exciting, Sharp Electronics (yes, the company that makes TVs) has signed a basic agreement this week to form a partnership with Makita Corporation. Apparently, both companies will seek to expand their business scope by incorporating Sharp technology into Makita power tools. They are also said to be sharing global resources such as product planning, production and sales.
Makita forms Partnership with Sharp Electronics
What could Sharp and Makita be working on? We have no idea, but it’s intriguing to say the least. The official release lists the following text under the details of the new partnership company:
Production and sales of electric power tools, stationary woodworking machines, air tools, garden tools and household tools
Back in 2009 Hilti announced it had established Panasonic Electric Works Power Tools (Shanghai) Ltd., a production joint venture in China that exclusively manufactured Hilti cordless screwdrivers. Hilti has worked together with Panasonic for 19 years in producing cordless power tools and, at the time, held a 49-percent stake in the company.
So you can imagine, we tend to watch these partnerships and expansion with great interest. Stay tuned as you’ll find out more as we do!
