Panasonic Life Solutions Vietnam Organizes Groundbreaking Ceremony for Second Factory in Vietnam

Binh Duong province, 10th October 2019 – Panasonic Life Solutions Vietnam (PLSVN), a member of Panasonic Vietnam Group companies, organized a groundbreaking ceremony for the new factory in Binh Duong province with the attendance of Panasonic’s official agent - Fortune Electric Co., Ltd in Vietnam. This is the second time PLSVN expanded its manufacturing since its establishment in January 2013. The new factory will begin operations in January 2021, covering an area of 24,000 square meters of the total 50,000 square meters land for future growth.

As urbanization is increasing rapidly in Vietnam and the country is facing challenges of air quality, PLSVN will focus on indoor air quality in the next phrase while continuing to provide safety consumer electronics solutions as well as to improve the quality of life for Vietnamese houses. PLSVN was originally established as a manufacturer of electrical construction materials such as switches, plugs and switchgears to meet the rapid growth demands of the construction industry in Vietnam. In this expansion, the second factory will manufacture ceiling fans and ventilation fans which is part of Panasonic Indoor Air Quality (IAQ) solutions.

Design of new factory of Panasonic Life Solutions Vietnam

Design of new factory of Panasonic Life Solutions Vietnam

Vietnam is considered a key market for Panasonic. Therefore, Panasonic Corporation will be investing over 45 million US dollars in Panasonic Life Solutions Vietnam’s second factory. In line with the policy of attracting high quality Foreign Direct Investment (FDI) of Vietnam Government, PLSVN also establishes a Research and Development (R&D) division of indoor air quality solutions. This new factory will not only supply to the domestic market but also make Vietnam an exporter of high quality products to other Asian and Middle East markets.

The Groundbreaking Ceremony for Second Factory of Panasonic Life Solutions Vietnam

The Groundbreaking Ceremony for Second Factory of Panasonic Life Solutions Vietnam

“With a mission and commitment of creating “A Better Life, A Better World” and contributing to the sustainable development in Vietnam, Panasonic is dedicated to offering a healthy yet comfortable indoor living environment to the people in Vietnam through our high quality and energy efficient IAQ products.”, said Mr. Kazuhiro Takeuji, General Director of Panasonic Life Solutions Vietnam. 

<Overview of New Factory>

Location

No.33 VSIP Street 32, Vietnam Singapore Industrial Park II-A, Vinh Tan Commune, Tan Uyen District, Binh Duong Province, Vietnam

Investment Amount

Over USD45 million

Land Area

50,000m2

Total Floor Area

24,000m2

Production Items

Ceiling Fan and Ventilation Fan

Production Start

January 2021

<Overview of Panasonic Life Solutions VIETNAM CO., Ltd.>

Location

Vietnam Singapore Industrial Park II-A, Vinh Tan Commune, Tan Uyen District, Binh Duong Province, Vietnam

Establishment Date

January 17, 2013

Representative

Kazuhiro Takeuji

Number of employees

Approx. 1,095 (As of the end of September 2019)

Sales

Approx. 2,649 billion VND (FY2018)