Panasonic plans to produce LED lamps in China

Panasonic plans to produce LED lamps in China

Panasonic plans to begin production of LED lamps in China, production is expected to close early in the current fiscal year in March, plans to make use of China's LEDlighting product in fiscal year 2015 revenue 15.5 billion yen.

A news report on 28 December, Matsushita (Panasonic Corp.) Began under theproduction of LED lamps in China, so the local market.

Production is expected to close early in the current fiscal year in March started in Beijing and Hangzhou in the production of group conversion part of the productionline. As prices fall, some products may use a contractor. Including LED embeddedlight bulbs and chandeliers, including products by Panasonic goods in China'slighting equipment for sale with the local large-scale retailers.

Matsushita Electric (Panasonic ELectric Works Co.) Is a wholly owned subsidiary ofPanasonic, Matsushita Senior Managing Director Kuniaki Matsukage said, LEDlights use the growth rate faster than they expected.

The Chinese government is through subsidies and other measures to promote the use of energy-saving lamps, so Panasonic will China as second only to Japan's market prospects. However, the relatively intense price competition, said LEClighting products company producing as many as 5,000 to 10,000. Panasonicdecided to open the local production in order to increase cost competitiveness.

Panasonic and Matsushita Electric will have its own separate operating lightingequipment business, but their operations will soon be combined, because the two companies will merge next month. Matsushita Group plans to make use of China's LED lighting product in fiscal year 2015 revenue 15.5 billion yen.(more information please visit www.greendyled.com)