Apr 05, 2007
Press Release
FOR IMMEDIATE RELEASE Media Contacts: Nguyen Thi Thanh Minh, Ms Corporate Communications Group, Panasonic Vietnam Co., Ltd. Tel: +84-4-9-550-111 Fax: +84-4-9-550-144 Yukiya Higashi, Mr (Japanese Media Only) Panasonic R&D Center Vietnam Co., Ltd. Tel: +84-4-9-550-111 Fax: +84-4-9-550-144
Panasonic Establishes R&D Center in Hanoi, Vietnam
Hanoi, Vietnam, April 5, 2007 --- Panasonic announced today, that Panasonic Vietnam Co., Ltd. (PV) has started the operations of an R&D subsidiary, Panasonic R&D Center Vietnam Co., Ltd. (PRDCV) in Hanoi, Vietnam, in April 2007. With a capital investment of US$ 500,000.00, this new Center widens the number of R&D bases of the global Panasonic Group in the ASEAN region.
PRDCV will run R&D activities relating to digital home appliances and design & development of software and strengthening further development capability in the global market from the ASEAN region. The Center is certified as an R&D company by the Vietnamese government.
"Through our PRDCV activities, and our collaboration with Hanoi University of Technology, we hope to contribute to higher student achievements. Integrating with other Panasonic Group companies in Vietnam, we also hope to play an important role in the country's R&D activities," said Kazuhiro Tsuga, Executive Officer of Matsushita Electric Industrial Co., Ltd. in charge of Digital Network & Software Technology, and Overseas R&D Centers.
The company aims to:
| 1) | establish core technology R&D activities and software development capabilities that are the most efficient in Vietnam |
| 2) | strengthen embedded software development resources |
| 3) | pursue further efficiencies for the Panasonic Group's activities by centralizing R&D and manufacturing in Vietnam |
【Outline of New Company】
| Company name | Panasonic R&D Center Vietnam Co., Ltd. (PRDCV) |
|---|---|
| Location | Hanoi City, Vietnam |
| Capital | US$ 500,000.00 |
| Investment | Panasonic Vietnam Co., Ltd. |
| Representative | Yukiya Higashi, General Director |
| Business Area | R&D activities of digital home appliances Design and development of software |
| Beginning of Operation | April 2007 |
| Number of employees | Start with 19, scheduled to increase to 50 by year 2009 |
| General Director: | Shinya Abe |
| Location: | Hanoi City, Vietnam |
| Established: | November 2005 |
| Business area: | Holding company of Panasonic Group Companies in Vietnam Provides integrated marketing, sales & after-sales services in addition to financial and administrative support to its subsidiaries |
| Number of employees: | Approximately 100 (as of March 31, 2007) |
| Number of companies: | subject to consolidation |
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