Panasonic plans to begin production of LED lamps in China, production is expected to start early in the current fiscal year in March, they plans to make use of China's LED lighting product to win revenue 15.5 billion yen in fiscal year 2015.It is reported that Panasonic (PanasonicCorp.) will start production in China next year for sales in the local market of LED lamps.Production is expected to start early in the current fiscal year in March,they will make conversion part of the production line in Beijing and Hangzhou. As prices fall, some products may use a contractor. Including LED embedded light bulbs and chandeliers which will be on sale through Panasonic goods in China's lighting equipment products and the local large-scale retailers.Matsushita Electric Works, Ltd. (PanasonicElectricWorksCo.) is a wholly owned subsidiary of Panasonic,Senior Managing Director of Matsushita ,KuniakiMatsukage said, growth rate of use in LED lights is faster than expected.The Chinese government is to promote the use of energy-saving lamps through subsidies and other measures, so Panasonic will regard China as second prospect market only after Japan. However, the price competition is relatively intense, it is said companies producing LEC lighting products are as many as 5,000 to 10,000. Panasonic decided to open the local production in order to increase cost competitiveness.Panasonic and Matsushita Electric have its own separate operating lighting equipment business, but their operations will soon be combined, because the two companies will merge next month. Matsushita Group plans to make use of China's LED lighting product in fiscal year 2015 to win revenue of 15.5 billion yen. |
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Panasonic Plans To Begin Production Of LED Lamps In China