Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Matsushita Philippines Expects '03 Sales Growth
May 13, 2003
 Printable format
 Email this Article
 Search

Matsushita Electric Philippines Corp., a unit of Japan's Matsushita Electric Industrial Co. and owner of the National and Panasonic brands, on Tuesday projected its sales growth would double this year to 10 percent due to the launch of new products.

Rodolfo Perez, president of National Panasonic Sales Philippines -- a unit of Matsushita -- expects sales to rise 10 percent to 7.92 billion pesos (U.S. $151.9 million) this year. In 2002, sales grew 5 percent to PHP 7.2 billion.

Mr. Perez said the company expects to realize the stronger sales growth this year through the introduction of new consumer electronics products and a move to unify the group's brand.

Starting October, Matsushita will drop the National brand name and retain only the Panasonic brand name. The move is effective worldwide, except in Japan. Currently, the Panasonic brand name is limited to television sets and stereo components. The move is also expected to reduce advertising costs.

Matsushita is currently said to be one of the largest appliance makers in the Philippines, accounting for 50 percent of the market for refrigerators and 25 percent for air-conditioners.

The company recently invested PHP300 million to boost the annual production capacity of its air-conditioner factory in Laguna province, south of Manila, to 250,000 units from 100,000 units. (Dow Jones)

Back to Daily News

 

Daily News

...........................................................

Apr 16, 2014: Home Builder Confidence Steady in April

Apr 16, 2014: Little Swan Sees China Becoming a Front-Loader Washing Machine Market

Apr 16, 2014: Hisense Poised for Continued Growth in Africa

Apr 16, 2014: Sensor Hubs Seeing Big Gains

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows