Panasonic Adds Washing Machine Production in Vietnam to Strength
Panasonic Adds Washing Machine Production in Vietnam to Strengthen Home Appliances Business in ASEAN Region
Osaka, Mar 21, 2013 - (ACN Newswire) - Panasonic Corporation today announced the opening of a new facility in Vietnam that houses a washing-machine manufacturing plant and an R&D center. The facility is part of the company's plans to drive and expand its home appliances business in the ASEAN region. Panasonic Appliances Vietnam Co. Ltd. (PAPVN), which operates the facility, held an opening ceremony on March 20 at the site in Thang Long Industrial Park in the northern province of Hung Yen.
The new factory will start mass production of top-loading washing machines in April this year with a production capacity of 600,000 units a year. The production will focus on energy-efficient and water-saving washing machines with Panasonic's unique Econavi functions in addition to high-performance machines that offer a variety of wash cycles such as "gentle handwash," "fragrance" and "baby care." One-half of the output will be for the domestic market, and the remaining half will be exported to the other ASEAN countries and the Middle East. The factory will have about 300 employees in the fiscal year through March 2015 (FY 2015).
The R&D center will design and develop refrigerators and washing machines as well as components and devices used in them in close cooperation with R&D centers in Japan and Panasonic's production bases in the other ASEAN countries. In the future, the center in Vietnam will serve as the focal point to coordinate Panasonic's R&D activities in the region, PAPVN has been operating in Thang Long Industrial Park in Hanoi since 2003, manufacturing refrigerators for Vietnam and the other ASEAN countries, Hong Kong and the Middle East.
The new facility in the park strengthens PAPVN as the core base for Panasonic's refrigerator and washing-machine businesses in ASEAN. PAPVN will accelerate efforts to nurturehuman resources who can support its R&D activities to evelop and manufacture products tailored to each market. Through these efforts, Panasonic aims to contribute to the economic development of Vietnam.
New Factory and R&D Center in Vietnam Name: Branch of Panasonic Appliances Vietnam Co., Ltd. in Hung Yen Address: Plot G2, Thang Long Industrial Park, Yen My, Hung Yen Province Site area: 52,000 m2 Washing Machine Plant R&D Center Products: Top-loading washing machines Capacity: 600,000 units per annum (FY 2015 ending in March 2015) Employees: Approx. 300 (FY 2015) Mass production: Slated for April 2013 R&D Center Services: Design and development of refrigerators and washing machines as well as components and devices for Vietnam and other ASEAN countries and Japan. Coordination and support of development centers in ASEAN. Start of operations: March 2013
Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products in three business fields, consumer, components & devices, and solutions. Based in Osaka, Japan, the company recorded consolidated net sales of 7.85 trillion yen for the year ended March 31, 2012. Panasonic's stock is listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) Stock Exchanges. The company has the vision of becoming the No. 1 Green Innovation Company in the Electronics Industry by the 100th year of its founding in 2018. For more information on Panasonic, its brand and commitment to sustainability, visit the company's website at http://panasonic.net/.
Panasonic Corporation Tokyo Public Relations Office Tel: +81-3-3574-5664 Fax: +81-3-3574-5699
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