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Panasonic and Toyota to Set Up Prime Life Technologies JV in Tokyo

Infra News - Published on Fri, 13 Dec 2019

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Panasonic Corporation and Toyota Motor Corporation last week announced that they have confirmed the location and executive structure of Prime Life Technologies Corporation, a new joint venture in the field of town development. The two companies concluded contracts aimed at the establishment of Prime Life Technologies on May 9, 2019, and since then they have been making preparations to establish the new company.

Outline of the Joint Venture

Corporate name - Prime Life Technologies Corporation

Location - Shinagawa Grand Central Tower, 2-16-4 Konan, Minato Ward, Tokyo

Executive structure
Makoto Kitano, Representative Director and President
Yu Nishimura, Representative Director and Vice President
Eiichi Katayama, Director
Yuji Goto, Director
Yoji Otani, Auditor
Kazusei Miwa, Auditor

Principal lines of business - Town development, contracted new housing construction, home remodeling, real estate transaction/management, housing interior decoration, energy-saving solutions, renovation, contracted building construction, construction consulting, etc.

Date of establishment - January 7, 2020 (scheduled)

Ownership ratios - Equal ownership ratio between Panasonic and Toyota

Source :

Posted By : Rabi Wangkhem on Fri, 13 Dec 2019
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