Industrial Overview and History of Aromat Corporation
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In 1918, a Japanese company known as Konosuke Matsushita was founded. The company was originally manufacturing flashlight components for bicycles, and eventually light fixtures in the early 20th century. They moved to building airplane propellers and light sockets, as well as other needed materials for the war effort during World War II. Following World War II, the United States split the company into Matsushita Electric Works Ltd and Matsushita Electric Industrial Co. Matsushita Electric Works Ltd specialized in electronic materials, wiring products, and automation controls.
Aromat Corporation is the US subsidiary of that company, Matsushita Electric Works Ltd. As of 2005, they changed their name to Panasonic Electric Works Corporation of America. Matsushita Electric Industrial Co. changed their name to Panasonic Corporation. In 2012, Panasonic Electric Works Co. merged with Panasonic Corporation, forming what we all know today as the very popular Panasonic brand. Panasonic became and still is one of the largest electronics manufacturers and suppliers in the world, next to electronics powerhouses Sony, Toshiba, Sharp, and Canon. In fact, they are the fourth-largest television manufacturer and 20th largest semiconductor manufacturer in the world. They also offer home renovation services in addition to electronics products. The company is listed on the New York Stock Exchange and Tokyo Stock Exchange, as well as other listings around the world.
As of 2012, Panasonic employs over 330,000 people with around 580 subsidiary companies. 53% of their revenue is generated in Japan, with 12% in North and South America and 10% in Europe. They have many different subsidiaries, with the major ones being Panasonic Automotive Systems, Panasonic Avionics Corporation, Panasonic Mobile Communications, Panasonic Corporation of North America, Panasonic Corporation in Europe, Panasonic Corporation of India, and Panasonic Corporation in Indonesia.
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