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Sanyo to Make More Laptop Batteries

Osaka-based electronics maker Sanyo Electric Co. said Wednesday it will spend 30 billion yen ($245 million) to boost output of lithium-ion batteries for laptop computers.

Sanyo Electric will expand production lines at two of its plants in Japan to raise output of the rechargeable batteries to 70 million a month from 60 million, a company spokesman told Dow Jones Newswires.

Sanyo Electric also plans to build a new rechargeable battery plant in Japan in the 2008 financial year, he said, but it hasn't yet selected a site.

Sanyo Electric, which is going through an extensive business restructuring, is the largest producer of lithium-ion batteries for laptop computers, with about a 40 percent share of the global market.

Demand for rechargeable batteries has been growing as notebook computers become increasingly popular compared to desktop computers.

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