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Enhancing eco-solution development through new expanded Panasonic Eco Solutions Vietnam factory

Binh Duong, Vietnam, December 18, 2017 – Today marks a milestone of Panasonic in Vietnam as Panasonic Eco Solutions Vietnam Co., Ltd. (PESVN) inaugurates an expanded wiring devices and circuit breakers factory, located in Binh Duong Province, Vietnam. An additional factory building was constructed with an aim to double Panasonic’s production capacity of wiring devices and circuit breakers in FY2020, which enhances its responsiveness to the rapid increase in demand for the products in Vietnam in the recent years.

Enhancing eco-solution development through new expanded Panasonic Eco Solutions Vietnam factory

The new factory was built on a 3,000-square-meter area adjacent to the existing factory which produces approx. 53 million wiring devices and approx. 13 million circuit breakers annually. With the current addition of a factory and a further expansion plan, the plant aims to supply wiring devices and circuit breakers produced in the Vietnamese plant to local markets and other Southeast Asian countries.

The inauguration of the factory is also expected to bring economic and social development and create more jobs for the local and surrounding areas. The manufacturing facility aims to provide hi-tech products which cater to local and regional needs. Local employees will also be trained and equipped with manufacturing expertise and techonological know-how.

Enhancing eco-solution development through new expanded Panasonic Eco Solutions Vietnam factory

Mr. Masaaki Kobayashi, General Director of Panasonic Vietnam said: “With our mission of making “Live Your Best” and contributing further to the development of Vietnam, the inauguration of the factory expresses our commitment to develop high Japan-quality “Made in Vietnam, Make for Vietnam” products. As a brand built upon 100 years of realibilty, Panasonic will continue to expand our business in different fields, invest in R&D activities, develop leading techonlogies, solutions and products, enhance customer services as well as contribute to society through different educational and environmental projects in Vietnam.”

• Overview of the new factory
(1) Production items: Wiring devices and circuit breakers
(2) Investment amount: Approx. 1 billion JPY
(3) Production capacity: Twice the current production capacity including the existing factory (to be achieved by FY2020)
(4) Land area: 3,000 m2
(5) Total floor area: 6,000 m2
(6) Location: Industrial Park VSIP II-Annex, Binh Duong Province, the Socialist Republic of Vietnam
(7) Start of construction: February 25, 2017
(8) End of construction: October 31, 2017

• Overview of Panasonic Eco Solutions Vietnam Co., Ltd.
(1) Company name: Panasonic Eco Solutions Vietnam Co., Ltd.
(2) Location: Industrial Park VSIP II-Annex, Binh Duong Province, the Socialist Republic of Vietnam
(3) Establishment date: January 2, 2013
(4) Representative: Kazuki Shirota
(5) Outline of business: Production of wiring devices, circuit breakers, etc.
(6) Number of employees: Approx. 1,080 (as of the end of November 2017)
(7) Sales: Approx. 2,268 billion VND (FY2017 forecast)