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Panasonic spends US$45 million on second factory in Binh Duong
By Le Hoang
Friday,  Oct 11, 2019,14:35 (GMT+7)

Panasonic spends US$45 million on second factory in Binh Duong

By Le Hoang

An artist’s impression of Panasonic’s new factory in Binh Duong Province. Panasonic Life Solutions Vietnam (PLSVN), a member of Panasonic Vietnam Group Companies, is investing over US$45 million in constructing its second factory in the southern province of Binh Duong – PHOTO: PANASONIC

HCMC - Panasonic Life Solutions Vietnam (PLSVN), a member of Panasonic Vietnam Group Companies, is investing over US$45 million in constructing its second factory in the southern province of Binh Duong, marking its first expansion since its establishment in January 2013 and the introduction of its air-quality solutions to the local market.

The new factory, located at Vietnam Singapore Industrial Park II-A, Vinh Tan Commune, Tan Uyen District, will begin operations in January 2021, covering an area of 24,000 square meters of the total 50,000 square meters of land available for future growth.

The groundbreaking ceremony took place on October 10.

PLSVN was originally established as a manufacturer of electrical materials such as switches, plugs and switchgears to meet the rapid growth demands of the construction industry in Vietnam. With this expansion, the second factory will manufacture ceiling fans and ventilation fans, which are part of the Panasonic Indoor Air Quality (IAQ) solutions.

As urbanization is increasing rapidly in Vietnam and the country is facing challenges in terms of air quality, PLSVN will focus on indoor air quality in the next phase, while continuing to provide safe consumer electronics solutions as well as improve the quality of life for Vietnamese households.

In line with the policy of attracting high-quality foreign direct investment, PLSVN will also establish a research and development division for indoor air quality solutions. The new factory will not only supply the domestic market but will also make Vietnam an exporter of high-quality products to other Asian and Middle Eastern markets. 

Vietnam is considered a key market for Panasonic. “With its mission and commitment to creating “A Better Life, A Better World” and contributing to the sustainable development of Vietnam, Panasonic is dedicated to offering a healthy yet comfortable indoor living environment to the people in Vietnam through our high-quality and energy-efficient IAQ products,” noted Kazuhiro Takeuji, general director of Panasonic Life Solutions Vietnam, in a statement.

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