MATSUSHITA BRAZIL JOINT VENTURE TO MAKE VTRS
A Matsushita Electric Co Ltd <MC.T> joint
venture will make VHS-format video tape recorders (vtrs) in
Brazil for the domestic market in the face of government quotas
on vtr imports, a Matsushita spokesman told Reuters.
    <Springer National de Amazonia SA> will start output in
early 1988 at a rate of 20,000 vtrs the first year, he said.
    Springer National, located in Manaus and capitalised at
89.93 mln cruzeiros, is owned 51 pct by <Springer SA> of Brazil
and 49 pct by Matsushita unit <National do Brasil Ltd>.
    It was formed in July 1981 to make colour televisions,
audio equipment and microwave ovens.
 REUTER
