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 to Move Air-Conditioner Production Base to Philippines
Jan 21, 2003
 Printable format
 Email this Article
 Search

Japanese manufacturer Matsushita Electric Industrial Co. Ltd. will make the Philippines its production base for air conditioners starting this year, the Philippine government said Tuesday.

Trade and Industry Secretary Manuel Roxas said in a statement Matsushita will transfer all of its operations for window-type air conditioners to the Philippines from Malaysia early this year.

Matsushita told the government that overseas shipments from its four Philippine units would increase to nearly 60 percent of its total turnover by 2005 from 41 percent in 2002.

Matsushita, which owns the National and Panasonic brands, is said to generate more than 40 billion pesos (U.S. $749 million) in gross sales annually.

The company's move is expected to raise the country's share of its Asian production, which is currently 9 percent compared with Malaysia's 31 percent share and Singapore's 30 percent share. (Dow Jones)

Back to Daily News

 

Daily News

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows