Toshiba Wants a Piece of the Solar Pie

By Ucilia Wang

Toshiba Corp. (TOSBF.PK), known more for its DVD players and computers, wants a piece of the solar market, too.

The Japanese company on Monday said it has formed a group to build solar power plants. The company already makes equipment for nuclear and hydroelectric power plants, as well as components for power transmission systems.

Some of Toshiba's competitors in the consumer electronics business have been building factories to produce solar cells and assemble into panels (see Sanyo Builds New Factory, Enters Thin-Film Fray and Sharp Guns for U.S. Thin-Film Market). Panasonic is buying Sanyo partly to get into the solar business (see Panasonic to Buy Sanyo for $9B).

But Toshiba's interest, at least for the time being, is to provide engineering services using solar panels from other suppliers and components it itself makes for developing large-scale power plants for utilities and business customers.

The company has created a solar business unit within its Transmission Distribution and Industrial Systems Co. Aside from citing its experience in engineering and assembling equipment for power generation and transmission systems, Toshiba said its effort in developing a fast-charging lithium-ion battery has prepped it for the renewable energy business.

The company is developing the super-charge ion battery (SCiB), made with lithium titanium, for laptop computers and bikes (see Green Light post). It also is eyeing the hybrid-electric car market, and recently announced a plan to spend 30 billion yen ($331 million) to build a SCiB factory.

The company expects to generate 200 billion yen ($2.2 billion) in annual sales from its solar energy system business by the 2015 fiscal year ending March 2016.

Comments

[Honest Corr...:]

..."The company has created a solar business unit within its Transmission Distribution and Industrial Systems Co."... ?!!!

Toshiba Corp. and Mitsubishi Corp. both would prefer to anticipate reporting losses for the fiscal year ending March 31,2009...

As well as ..."Restructuring alone won't help companies in today's economic conditions," said Masaru Hamasaki, a senior strategist at Toyota Asset Management. "If companies cut jobs or shrink capital spending based on their current earnings level, they risk narrowing their business capacity...."

NEC, Toshiba, Fujitsu, Panasonic and Mitsubishi should better "destruct" or "report" their so called 'hidden network' in Singapore - Finland [Kouvola warehouses] - Russian Retail chains (especially may be mentioned two international retailer's chains: MediaMarkt Saturn and Auchan).

It is not a very dark secret for the progressive mankind that Toshiba's and Mitsubishi’s Headquarters are receiving revenge strikes from Russian Electronics Mafia...:

If you open Moscow Yellow Pages, you would be surprised how many foreign companies have their offices in Moscow...

Although the international financial crisis has caused the collapse which has never occurred since the Great Depression, the Russian Federation is still considered as a quiet harbor.

Amongst the transcontinental companies there are a considerable number of Japanese corporations such as Toshiba, Mitsubishi, Fujitsu, NEC, Sanyo, etc.

Though the latter are thought to be well-known for their successful in retailing of high-quality products worldwide, there have been cases which must be interesting to investigating institutions.

We are going to take Mr. Vadim Danilov’s employee fraud case including asset misappropriation, money laundering, and kickback scheme.

The story goes Mr. Vadim Danilov was hired by Mr. Harry Fujimaki to work for Toshiba Corporation (Kabushiki-gaisha Toshiba) as a general logistics manager in Russia.

The event occurred in 2004.

In the course of two years Mr. Danilov had been “employed” in other areas such as, a certification specialist, customs broker, trader, promoter, etc. Mr. Danilov worked effectively and honestly thinking that he was a team player contributing to Toshiba’s profits.

Moreover, Mr. Koichiro Natsume, an executive manager of Toshiba Corporation in the CIS, declared him a Toshiba Official Trader at the Conference at the Imperial Park Hotel, Moscow, 2006.

In addition, Mr. Natsume declared that Mr. Vadim Danilov was officially registered by Toshiba Corporation as Toshiba's Official Trader named “the Ninth Wave” in the UK.

To conclude the announced procedures, Mr. Natsume issued to Danilov’s Ninth Wave an invoice which was paid to a TCMS official account at Sumitomo Mitsui Banking Corporation, Singapore Branch.

Furthermore, there were other financial transactions during 2006-2007-2008 years, executed by Mr. Vadim Danilov between clients and Toshiba Consumer Marketing Singapore, SMBC Singapore branch account.

After all the payments were completed, Mr. Natsume vanished somewhere in Japan. Toshiba Corporation managers in Russia, Japan and Singapore refused to explain to Mr. Vadim Danilov how those payments had been used.

Toshiba Corporation & TCMS, Mitsubishi and MCLogi, insist nowadays that Mr. Vadim Danilov has no evidences and the corporations declare now that Mr. Vadim Danilov had never had any relations with Toshiba Group Companies or Mitsubishi's MCLogi stuff.

Moreover: the Toshiba and Mitsubishi MCLogi staff has been running away from Mr. Danilov for 35 months (!).
The Metropolitan Police Department of Tokyo also refused to investigate the accident and explained to Mr. Danilov that he had no right to bring in an action against a Japanese citizen.
It would be better for the Metropolitan Police Department of Tokyo to check diligently backgrounds of Toshiba's and Mitsubishi's Conformity Certification procedures manipulations in Russian Federation. As well as Customs Clearance documents with false Japanese stamps and signatures of imaginary "Japanese Customs" or "Thailand Customs"...

It seems to be a confrontation between David and Goliath but David had had no backup…

It seems The Heaven's Referee is judging nowadays all the involved sides by crisis processings ...

Feb 04 08:32 AM