Panasonic spends more than 1.8 billion Malaysia to build photovoltaic production base

Japan’s Panasonic Corporation (Panasonic Corporation) invested RM1.84 billion to invest in the first fully-integrated global photovoltaic production base in Kulim High-Tech Park in Kedah to increase its production efficiency by 50%. After Matsushita Corporation established Energy Co., Ltd. in Malaysia in December 2011, it established the first photovoltaic module manufacturing company outside Japan, covering an area of ​​63 mu.

Annual output of 300 megawatts

This fully integrated global photovoltaic production base will manufacture solar wafers, batteries and components and is expected to reach an annual output of 300 megawatts. The new factory, which is expected to start operation in December this year, will assist the company in providing 50% production efficiency. Malaysian Matsushita Energy Co., Ltd. held a ground-breaking ceremony for a manufacturing plant in the Korin Hi-Tech Park today and a land lease agreement handover ceremony with the Kedah state government. Ito Masato, president of Panasonic Energy Corporation, said that with the new manufacturing plant put into production, the company's production efficiency is expected to increase 1.5 times.

In addition, we hope that the manufacturers concerned can contribute to the development of Malaysia. He said that Panasonic’s global sales as of March 2011 exceeded 100 billion U.S. dollars and its global workforce also exceeded 360,000. He said that in addition to Japan, the group’s sales accounted for 50 billion US dollars, and more than a quarter of overseas sales came from the Asia-Pacific region. The group has 115 group companies in the Asia Pacific region, including Malaysia, with 120,000 employees.

Sasakawa Shunjiu: global attitude toward environmental awakening Solar photovoltaic market grows quickly

Pan Chuan Shunjiu, managing director of Panasonic Asia Pacific, said that with the global awakening of the environment, countries have introduced a subsidy system and a power purchase system, and the solar photovoltaic market is expected to grow rapidly. He said that with China becoming the new photovoltaic manufacturing base of Panasonic Energy Corporation, it is believed that it will strengthen the company's development of global solar energy business. “We are striving to become the world’s No. 1 green company on the 100th anniversary of the Panasonic Group.” Datuk Serih, Minister of State for Kedah, was invited to host the ground-breaking ceremony for Malaysian Matsushita Energy Co., Ltd. manufacturing facility. This accounted for the presence of Vick, represented by Datuk Mohamed Daorlan, a member of the Kedah Senior Executive Council.

Last year: 6.1 billion years ago: 1.9 billion yuan in manufacturing investment growth

Amiruddin, an executive councillor in charge of Kyrgyzstan’s industry and investment committee, said that Kedah’s investment in manufacturing in 2011 amounted to RM6.14 billion, which is more than 313% of the RM1.96 billion in 2010. He said that the amount of RM6.14 billion invested in Kedah last year came from 23 new projects and 19 expansion projects, of which 23 new projects accounted for RM4.7 billion.

Mohmad Dolan, speaking on behalf of the Minister of State, said that most of the investment in new projects reached by Kedah is from Malaysia Matsushita Energy Co., Ltd.'s investment in setting up a photovoltaic manufacturing plant in Kulim Hi-Tech Park.

“We would like to thank Panasonic Group for choosing to set up a new plant in Kedah as this manufacturing plant will create more job opportunities and it is expected that it will hire 1,500 employees in the future.”