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Panasonic expands in Binh Duong

Released at: 11:39, 27/02/2017

Panasonic expands in Binh Duong

Photo: panasonic

New factory to be built next to existing factory at Panasonic Eco Solutions Vietnam in Binh Duong province.

by Doanh Doanh

Panasonic Corporation has announced an intention to invest approximately JPY1 billion ($8.9 million) in expanding its wiring device and circuit breaker factory, Panasonic Eco Solutions Vietnam Co. (PESVN), in southern Binh Duong province. The expansions are expected to go into operation in October.

An additional factory will be built adjacent to the existing factory to enhance responsiveness to the rapid increase in demand for wiring devices and circuit breakers in Vietnam over recent years.

A breaking ground ceremony was held on February 25. Mr. Takashi Ogasawara, Power Components Business Unit Director of the Energy Systems Business Division at PESVN and Mr. Takashi Ogura, General Director of PESVN, attended the event.

The existing plant launched full-scale production in November 2014 as a new manufacturing site for wiring devices and circuit breakers in Southeast Asia, following those in Thailand and Indonesia. It currently produces approximately 53 million wiring devices and approximately 13 million circuit breakers annually.

With the additional factory, PESVN aims to double its production capacity in FY2020. There are also plans to explore the purchase of an area of approx. 18,000 sq m adjacent to the existing factory in order to address any further increase in demand.

Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions, and device industries. Since its founding in 1918, the company has expanded globally and now operates 474 subsidiaries and 94 associated companies worldwide.

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