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.
Source: Panasonic VN
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