Ground broken at new Panasonic factory

12-Oct-2019 Intellasia | VN Economic Times | 6:02 AM Print This Post

Panasonic Life Solutions Vietnam’s factory in Binh Duong to be operational by January 2021.

Panasonic Life Solutions Vietnam (PLSVN), a member of the Panasonic Vietnam Group, has held a breaking ground ceremony for its new factory in southern Binh Duong province, attended by Panasonic’s official agentthe Fortune Electric Co., Ltd in Vietnam.

This is the second time PLSVN has expanded its manufacturing space since its establishment in January 2013. The new factory will begin operations in January 2021, covering an area of 24,000 sq m out of a total of 50,000 sq m of land, with room for future growth.

“With a mission and commitment of creating ‘A Better Life, A Better World’ and contributing to Vietnam’s sustainable development, Panasonic is dedicated to offering a healthy yet comfortable indoor living environment to people in Vietnam through its high quality and energy efficient IAQ products,” said Kazuhiro Takeuji, general director of Panasonic Life Solutions Vietnam.

As urbanisation is increasing rapidly in Vietnam and the country is facing challenges regarding air quality, PLSVN will focus on indoor air quality in the next phase while continuing to provide safe consumer electronics solutions and improve the quality of life in Vietnamese houses.

PLSVN was originally established as a manufacturer of electrical construction materials such as switches, plugs, and switchgears to meet rapid growth in demand in Vietnam’s construction industry. This second factory will manufacture ceiling fans and ventilation fans that are part of Panasonic Indoor Air Quality (IAQ) solutions.

Vietnam is considered a key market for Panasonic and the Panasonic Corporation will invest over $45 million in this second PLSVN factory.

In line with the government’s policy of attracting high quality FDI, PLSVN has also established a research and development (R&D) division on indoor air quality solutions. This new factory will not only supply the domestic market but also make Vietnam an exporter of high-quality products to other Asian and Middle Eastern markets.


Category: Business, Vietnam

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