Panasonic Inaugurates New Washing Machine Factory in Vietnam

Panasonic Appliances Vietnam Co., Ltd (PAPVN) on 20th March inaugurated its new washing machine factory in Thang Long Industrial Park II, Yen My district, Hung Yen province.

 

The US$32 million factory, fully invested by Panasonic Corporation, is the first in Vietnam that integrates Research and Development (R&D) function with its manufacturing business.

 

The new factory will focus on the development of high performance washing machines which incorporates Panasonic’s advanced eco and smart technologies reflecting its commitment to environmental sustainability. The factory aims to achieve 50 percent of production for the local market and 50 percent for export to other ASEAN countries.

 

Construction of the facility commenced in March 2012. The factory targets to reach manufacturing capacity of 600,000 sets of washing machines per annum and provide employment to around 300 locals by 2014.