The FINANCIAL — Panasonic Ecology Systems Co., Ltd. will establish ventilation fan production base in Panasonic AVC Networks Company Baja California (PAVCBC), a factory of Panasonic AVC Networks Company America (PAVCA), a division of Panasonic Corporation of North America in Tijuana, Mexico to manufacture ceiling mounted ventilation fans for the North American market, and thereby strengthen the company’s North American ventilation fan business.
Panasonic sells highly regarded indoor air quality (IAQ) products, including ventilation fans and air purifiers, to global markets. Currently, the company’s China-based factory is manufacturing IAQ products for the North American, Southeast Asian, Middle Eastern, and European markets. Panasonic provides energy-efficient IAQ products to improve indoor air quality including Energy Star1 certified ventilation fans in the North American market and highly acclaimed air purifiers2 in the Chinese market, according to Panasonic.
Aiming toward further expansion of the North American ventilation fan business, Panasonic will establish a ceiling mounted ventilation fan production base in Mexico, on the site of PAVCBC’s television factory. Shorter lead times and higher cost competitiveness are expected compared to the current production base in China. In October 2016, the new base will start production mainly of ceiling mounted ventilation fans for the US and Canadian markets. A total of 1.3 million units will be shipped annually by 2018.
“With the establishment of this factory, Panasonic aims to enhance sales of ventilation fans in the North American market to be increased from approximately 1 million units in fiscal 2014 to 1.5 million in 2018”, said Kiyoshi Maeda, President of Panasonic Ecology Systems Co., Ltd.
Panasonic will continue to contribute to the creation of healthy and comfortable indoor spaces by offering energy-efficient IAQ products to global markets.
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