Mar 02, 2017

Panasonic to Expand Wiring Devices and Circuit Breakers Production Factory in Vietnam

Aiming to double the production capacity of wiring devices and circuit breakers in FY2020

Binh Duong, Vietnam - February 27, 2017 - Panasonic Corporation today announced that it will expand its wiring devices and circuit breakers factory of Panasonic Eco Solutions Vietnam Co., Ltd. (PESVN), located in Binh Duong Province of the Socialist Republic of Vietnam. An additional factory building will be constructed adjacent to the existing factory to enhance its responsiveness to the rapid increase in demand for wiring devices and circuit breakers in Vietnam in the recent years. The groundbreaking ceremony was held on February 25th, 2017. Takashi Ogasawara, Power Components Business Unit Director, Energy Systems Business Division, Eco Solutions Company in Panasonic Corporation, and Takashi Ogura, General Director of Panasonic Eco Solutions Vietnam Co., Ltd. attended the event.

The Vietnamese plant launched full-scale production in November 2014 as a new manufacturing site for wiring devices and circuit breakers in Southeast Asia, following the ones in Thailand and Indonesia. The new factory will be built on a 3,000-square-meter area adjacent to the existing factory to substantially expand the production capacity of wiring devices and circuit breakers. Currently, the existing factory produces approx. 53 million wiring devices and approx. 13 million circuit breakers annually. With an additional factory, the plant aims to double its production capacity in FY2020. There are also plans to explore the purchase of an area of approx. 18,000 square meters adjacent to the current factory premises to add to the factory in the future in order to address any further increase in demand.

With the current addition of a factory and a further expansion plan, the plant aims to supply wiring devices and circuit breakers produced in the Vietnamese plant to local markets and other Southeast Asian countries.

Overview of the new factory

Production items	Wiring devices and circuit breakers
Investment amount	Approx. 1 billion JPY
Production capacity	Twice the current production capacity including the existing factory (to be achieved by FY2020)
Land area	3,000 m²
Total floor area	6,000 m²
Location	Industrial Park VSIP II-Annex, Binh Duong Province, the Socialist Republic of Vietnam
Start of construction	February 25, 2017
End of construction	October 31, 2017 (scheduled)

Overview of Panasonic Eco Solutions Vietnam Co., Ltd.

Company name	Panasonic Eco Solutions Vietnam Co., Ltd.
Location	Industrial Park VSIP II-Annex, Binh Duong Province, the Socialist Republic of Vietnam
Establishment date	January 2, 2013
Representative	Takashi Ogura
Outline of business	Production of wiring devices, circuit breakers, etc.
Number of employees	Approx. 900 (as of the end of January 2017)
Sales	Approx. 920 billion VND (FY2016 forecast)

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