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| Wednesday, 23 February 2011, 16:00 HKT/SGT | |
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Source: Panasonic | |
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| - First 'eco ideas' Factory in India, spread across 76 acres - |
New Delhi, India, Feb 23, 2011 - (ACN Newswire) - Panasonic India, the leader in innovation and technology laid the foundation stone of its largest manufacturing unit in India at Jhajjar, Haryana. Shri Deepinder Singh Hooda, Member of Parliament, Haryana, Shri. Rajeev Arora, MD, Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) graced the occasion along with senior representatives from Panasonic.
The construction of the manufacturing unit will commence in April 2011, and the completion is envisaged to be completed by April 2012. It will house facilities that can manufacture an estimated 1,000,000 sets of air conditioners, 400,000 sets of washing machines and 25,000 sets of welding and cutting machines per annum.
The new unit will manufacture air-conditioners, washing machines, welding and cutting machines after March 2012; with an investment of about US $200 million (about Rs. 908 crores) over a period of five years and the mass production will start in August 2012. The products are catered to the domestic market and the manufacturing unit will be providing employment to approximately 3500 staff once it is fully developed and operational.
Mr Ikuo Miyamoto, Managing Director, Panasonic Asia Pacific commented, "This factory is an important step for our India operations as we are looking at manufacturing Home Appliances within India itself. As part of our 'eco ideas' Declaration in 2010, this manufacturing unit will be built in accordance with the guidelines of the 'eco ideas' Factory. This is part of our company's commitment to become the No.1 Green Innovation Company in the electronics industry by 2018."
Mr. Daizo Ito, President, Panasonic India, said, "This manufacturing unit will be part of our consolidation in India. We have a growing confidence in the Indian market, and the response from our consumers. India is a very important market; especially for the global Panasonic direction. This manufacturing unit is definitely an important part of our business strategy in India. The manufacturing unit, which is spread over 76 acres, will be Panasonic's first 'eco ideas' Factory in India. Panasonic aims to be the world's No 1 Green Innovation Company in the electronics industry by 2018 and the company is moving towards this direction. The unit will target to reduce CO2 emissions, waste generation and promote eco communication.
Panasonic Corporate Vision
Panasonic has a vision to become the No. 1 Green Innovation Company in the electronics industry by 2018 (fiscal 2019), when Panasonic will celebrate its 100th anniversary. Panasonic aspires for global excellence as a Green Innovation Company and encompasses two goals: Green Life Innovation to realize green lifestyles to enrich people's lives and Green Business Innovation to bring forth innovation in our business styles.
Panasonic's green commitment and the 100th anniversary vision have greatly contributed to the company to be listed on the Dow Jones Sustainability World Index (DJSI World), one of the highly-recognized global indexes for socially responsible investment (SRI), for six years in a row. Panasonic has also been named as 2011 Global 100 Most Sustainable Corporations in the World.
The Panasonic 'eco ideas' annual report at (http://panasonic.net/eco/) shares data on the group's initiatives in this direction.
About Panasonic India
Panasonic makes available in India its wide range of consumer electronics and home appliances like LCD & Plasma TVs, DVD players, home theatre systems, cameras, camcorders, car audio systems, air conditioners, washing machines, refrigerators, microwave ovens, automatic cookers, vacuum cleaners and the like. The Company has a workforce of about 11,000 in India and has registered sales of Rs 2,200 crores in FY 2009, and estimated to do a turnover of Rs 3,200 crores in FY 2010. For more information on the company and the Panasonic brand in India, please visit http://panasonic.co.in.
Contact:
Panasonic India
Richa Sethi
+91 9560498765
richa.sethi@in.panasonic.com
Publicis Consultants
Tribhuwan Joshi
+91 9971853675
tribhuwan.joshi@publicis-consultants.in
Topic: Construction of Facility
Source: Panasonic
Sectors: Cloud & Enterprise, IT Individual
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From the Asia Corporate News Network
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