Japanese electronics products manufacturer Panasonic Corporation has establish a company in Malaysia that will serve as the company’s new solar manufacturing base.
The new business, known as Panasonic Energy Malaysia, established in December 2011 and will operate a vertically-integrated solar manufacturing facility producing various products including wafers, cells and modules.
The company will invest JPY45 billion (RM1.7 bilion) in the facility, which is scheduled to start operations in December 2012 with an annual production capacity of 300MW.
Constructed in the Kulim Hi-Tech Park in Kedah, the 70,000 square metre facility will not only help the company to meet growing demand, but also strengthen the Panasonic HIT (Heterojunction with Intrinsic Thin-layer) solar modules.
With environmental awareness increasing globally and the introduction of subsidy systems and Feed-in Tariff schemes in Japan as well as other countries, the solar cell market is predicted to grow further.
Robust demand is expected particularly in the residential sector, the main target of the Panasonic HIT (Heterojunction with Intrinsic Thin-layer) solar modules.
The facility will have approximately 1500 employees.
Panasonic is engaged in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs.
Panasonic will sell its solar modules as an individual product as well as part of a system combined with storage batteries.
Further, as part of the comprehensive solutions business, which is built on capacities brought together across its group of companies, Panasonic will accelerate its solar business development globally.
Source : RTT News & BERNAMA
(this article published in 1BINA.my)
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