HCM City (VNS/VNA) - Panasonic Electric Works Vietnam Co.Ltd. (Electric Works Company) will accelerate the expansion of its electricalconstruction material business to grow sales by approximately 3.5 times overthe next decade, equivalent to a 365 million USD increase.
Thecompany will respond to the growing demands of the housing and constructionmarket in Vietnam based on its three main strategies of building a local productdevelopment system, strengthening the local production capacity of wiring andindoor air quality (IAQ) devices, and proposing solutions across the productcategories through co-creation with local companies.
Regionalheadquarter chairman Matsumoto Wataru said one of the most important countriesfor the company’s future business growth is Vietnam, where they expect to growtogether by offering various products to fulfil the strong demands of the localmarket.
TakeujiKazuhiro, general director of Panasonic Electric Works Vietnam, said: " Wewill continue to provide secure, safe, and comfortable lives to Vietnamesepeople through the synchronisation of all processes from development tomanufacturing and sales."
Panasonic'sthree main strategies include building a local product development system. Torapidly develop products that respond to local issues and needs, Electric WorksCompany will gradually build up a new product development and planningorganisation for the local market in wiring devices, lighting, and IAQcategories.
ElectricWorks Company is holding an exhibition in HCM City from July 12 to 15 todemonstrate the new company's capabilities in modern housing and to strengthenrelationships with its co-creation partners in the country./.
VNA