Osaka, Japan, Jan 23, 2008 - (ACN Newswire) - Panasonic, the leading brand by which Matsushita Electric Industrial Co., Ltd. is known, today announced that the company will build a new factory (second building) to facilitate the business expansion of Panasonic Semiconductor (Suzhou) Co., Ltd. (PSCSZ), established in December 2001 in Gaoxin District, Suzhou, Jiangsu Province in the People's Republic of China (hereinafter China). On January 22, 2008, the company held a groundbreaking ceremony at the site that was attended by government officials from the City of Suzhou.
PSCSZ started operation as a production site for discrete semiconductor devices in response to the rapid increase in demand in China for digital consumer electronics such as mobile phones, DVDs, TVs, etc. and has continued its operations since then.
The new factory construction at PSCSZ is based on the company's future growth strategy that mandates expanding its assembly production structure on a global scale in response to the rising demand from our customers for key devices as well as to increase the speed of business deployment and to achieve a more competitive manufacturing capability. Through its involvement in the device business of the Panasonic Group, the company intends to contribute to the development of China through its operations and to become an excellent company recognized by the people of China.
The new factory is being built on the same factory site (area: 230,000 square meters) where the existing first building of PSCSZ is located. This new factory will utilize more advanced production methods that suit the Chinese environment and adopt a new management method that fully integrates an IT system that will make the factory a strong competitor on the global stage. The factory will produce advanced semiconductor products including integrated circuits in addition to general-purpose discrete devices and camera modules for mobile phones.
Outline of the New Factory (Second Building)
Address: 666 Lushan Road, Gaoxin District, Suzhou,
Jiangsu Province, China
Investment: Approximately 10 billion yen
Land area: 7,780 square meters
Floor space: 15,530 square meters
Construction: Starting in late January 2008 -
Production to start in October 2008
Products: Discrete semiconductor devices, LEDs, camera modules
About Panasonic Semiconductor (Suzhou) Co., Ltd. (PSCSZ)
Managing Director: Masahiko Miyano
Address: Gaoxin District, Suzhou, Jiangsu Province, China
Capital: 6.7 billion yen / Operation started in August 2002
Employees in 2007: 3,860
Business/Production: Semiconductors 4.4 billion pieces/year,
camera modules 13.4 million units/year
About Panasonic (Matsushita Electric Industrial)
Best known for its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the Company recorded consolidated net sales of US$77.19 billion for the year ended March 31, 2007. The Company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:MC) stock exchanges. For more information on the Company and the Panasonic brand, visit the Company's website at http://panasonic.net/ .
Contact:
semiconpress@ml.jp.panasonic.com
Topic: Awards
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