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Mar 29, 2012

Panasonic to Establish Environmental Engineering Company in Malaysia

Setting up an engineering company which promotes energy saving and recycling in Malaysia, Panasonic will contribute to the reduction of the environmental impact on the country and its neighboring countries.

Osaka, Japan - Panasonic Corporation today announced it will set up an engineering company for its energy saving, purification and recycling businesses for air, water and soil in Malaysia as part of the company’s drive to globally expand its environmental engineering business. The new company, Panasonic Eco Solutions Malaysia Sdn. Bhd. (PESMY), will be established on April 1, 2012, through Panasonic Ecology Systems Co., Ltd.

Panasonic Ecology Systems is globally promoting energy saving, water purification, and other environmental technologies accumulated through its business operations in Japan and through the operation of Panasonic factories, providing solutions tailored to the environment of each country. PESMY will help Panasonic and other Japanese companies who will be locating factories in Malaysia to reduce their environmental impact by assisting in the setup and operation of their factories.

PESMY will promote businesses in collaboration with the Environmental Systems & Engineering Business Unit of Panasonic Ecology Systems Co., Ltd. and its subsidiary, Panasonic Environmental Systems & Engineering Co., Ltd. The specific businesses include the energy saving support service business to save energy by reviewing the factory operation and equipment conditions, the water and chemical recycling business to supply and recycle water and chemicals used by electronic device factories, the painting equipment exhaust purification business to clean up exhaust gas from painting equipment, and the soil decontamination business to purify contaminated soil.

Panasonic will contribute to reducing the environmental impact on Malaysia and neighboring countries using PESMY as a base, and further promote its environmental systems and engineering business globally.

Outline

Name Panasonic Eco Solutions Malaysia Sdn. Bhd.
(Abbreviation: PESMY)
Address No. 9, Jalan Pelabur 23/1, Section 23, 40300 Shah Alam, Selangor darul ehsan, Malaysia
(In the premises of Panasonic Manufacturing Malaysia Bhd.)
Representative President: Tetsuo Ishizu
(Managing Director, Panasonic Ecology Systems Co., Ltd.)
Establishment April 1, 2012
Capital RM 3,850,000 (Approx. 100 million yen)
Businesses Construction (environmental systems and engineering business), chemicals (water and chemical recycling business), and others
Sales target 2015: 2 billion yen

About Panasonic

Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 8.69 trillion yen (US$105 billion) for the year ended March 31, 2011. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net/.

Media Contacts:

Overseas Public Relations Office
Panasonic Corporation
Tel: 03-6403-3040 Fax: 03-3436-6766
Panasonic News Bureau
Tel: 03-3542-6205 Fax: 03-3542-9018
*The content in the following news releases is accurate at the time of publication but may be subject to change without notice. Please note therefore that these documents may not always contain the most up-to-date information.

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