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Matsushita to Change Corporate Name to Panasonic

Matsushita Electric Industrial Co. -- best known for its global Panasonic brand of consumer electronics -- announced Thursday that the company will change its company name to Panasonic Corp. effective Oct. 1.

The company will also use the Panasonic brand across the world for all of its products, which will include replacing the “National” brand in Japan by March 2010. The change was approved by the company’s board of directors and is subject to approval by shareholders.

The company, founded in 1918 and based in Osaka, Japan, has been called Matsushita Electric Industrial Co. since 1935. Earlier names including Matsushita Electric Manufacturing Works and Matsushita Electric Housewares Manufacturing Works.