FOR IMMEDIATE RELEASE
PANASONIC EXPANDS HOME APPLIANCE DEVELOPMENT THROUGH ITS NEW WASHING MACHINE FACTORY IN VIETNAM
The inauguration of the factory with its integrated Research and Development facility will enhance Panasonic Appliances Vietnam Co., Ltd’s role in the appliance business in ASEAN region
Hung Yen, 20th March 2013 – Today marks a milestone in Vietnam as Panasonic Appliances Vietnam Co. Ltd (PAPVN) inaugurates its new washing machine factory in Thang Long Industrial Park II, Yen My district, Hung Yen province.
The US$32 million factory, fully invested by Panasonic Corporation, is the first in Vietnam that integrates Research and Development (R&D) function with its manufacturing business.
The new factory will focus on the development of high performance washing machines which incorporates Panasonic’s advanced eco and smart technologies reflecting its commitment to environmental sustainability. The factory aims to achieve 50% of production for the local market and 50% for export to other ASEAN countries.
The inauguration of the washing machine factory is expected to bring economic growth, social benefits, and contribute to local employment. 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 technological know-how.
In 2007, Panasonic R&D Center Vietnam Co.,Ltd was established, focusing on the innovation and development of software and electronic products. With the opening of an additional R&D center in Vietnam, the facility functions as a launch pad for innovation of home appliances, developing cutting-edge products with advanced designs for Vietnam and other ASEAN countries.
“This year marks the 40th anniversary of the establishment of diplomatic relations between Japan and Vietnam, and PAPVN will also celebrate its 10th anniversary. We are delighted to open our new washing machine factory and R&D center in light of this commemorative year. We are committed to contribute to Vietnam’s economy by enhancing our role in the refrigerator and washing machine business in the ASEAN region, in addition to creating more job opportunities for the locals,” said Mitsuhiko Nakamura, General Director of PAPVN.
“We are impressed with Panasonic’s new establishment in Hung Yen Industrial zone. This factory not only invests in manufacturing, but also in the R&D field. R&D investments are important in Vietnam so as to transform the local industry into a modern and developed model step-by-step. The locals in Hung Yen too will greatly benefit from this initiative by Panasonic,” commented Mr. Dang Minh Ngoc, Vice Chairman of Hung Yen People’s committee.
Construction of the facility commenced in March 2012. The factory targets to reach manufacturing capacity of 600,000 sets of washing machines per annum and provide employment to around 300 locals by 2014. Panasonic Vietnam Group currently has a total workforce of over 7,200 locals.
The factory’s establishment strengthens Panasonic’s presence in the Vietnam market and contributes to economic growth of the country. It also serves as a milestone for Panasonic in its next stage of business expansion in this emerging market.
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/.
About Panasonic Vietnam
Panasonic Vietnam (PV) is the first 100% foreign invested company to assume the role of the country headquarters in Vietnam. As of February 2013, Panasonic Vietnam Group comprises of six companies, four of which are manufacturing companies – Panasonic Industrial Devices Vietnam (PIDVN), Panasonic System Networks Vietnam (PSNV), Panasonic Appliances Vietnam (PAPVN) and Panasonic AVC Vietnam (PAVCV) and the Panasonic Research and Development Center Vietnam (PRDCV). The Group currently employs a total workforce of about 7,200 people. In Vietnam, Panasonic is one among those enterprises that place great emphasis on social activities surrounding education and environment.
For more information on Panasonic Vietnam and the Panasonic brand, please visit the company’s websites at http://panasonic.com.vn/en and http://panasonic.com.vn/en/aboutpanasonic/corporatecitizenship
About Panasonic Appliances Vietnam Co., Ltd.
Founded in 2003, Panasonic Appliances Vietnam Co., Ltd. is a subsidiary company of Panasonic Vietnam Ltd., and focuses on producing home appliances: refrigerators and washing machine. Its first manufacturing site is based in Thang Long Industrial Park in Hanoi, and the second one is newly established in Thang Long Industrial Park II in Hung Yen province, integrating both manufacturing and R&D functions. Total workforce is around 900. Production capacity is 800,000 refrigerators and 600,000 washing machines per year.
For media queries, please contact:
Nguyen Thi Quyen (Ms)
Corporate Planning and Brand Promotion Group
Panasonic Vietnam Co., Ltd
Tel: (84) 4 3 9 550 111
Fax: (84) 4 3 9 550 144
Le Thi Hai Van (Ms)
Panasonic Appliances Company Co., Ltd
Fax: 0321 6251-718