Tag Archives: Panasonic
KULIM, March 2 (Bernama) — Panasonic Energy Malaysia Sdn Bhd, a solar manufacturing company established by Panasonic Corporation, is investing RM1.84 billion for its first fully integrated solar manufacturing base in Malaysia.
Located at the Kulim Hi-Tech Park, the facility will undertake the integrated manufacturing of solar wafers, cells and modules with an estimated annual production capacity of 300 megawatt (MW).
`At our new factory, the entire production process is integrated within a single base. We can reduce costs significantly by cutting down processes and eliminating the transportation process,` Panasonic Group Vice President, Tetsuhiro Maeda said during the groundbreaking ceremony and exchange of land lease agreement here, Friday.
Maeda is in charge of the solar business for Panasonic Energy Company Japan.
Also present at the ceremony was the chairman of Kulim Technology Park Corporation Sdn Bhd, Datuk Ir Amiruddin Hamzah, the president of Energy Company of Panasonic Group, Masato Ito, the Managing Director of Panasonic Asia Pacific, Yorihisa Shiokawa and Managing Director of Panasonic Malaysia Sdn Bhd, Jeff Lee.
Currently, the company`s total global capacity is 600MW from its factories in Japan, Hungary and Mexico.
Construction of the new facility in Kulim will commence immediately with operations starting by December to manufacture Panasonic Heterojunction with Intrinsic Thin-layer (HIT) solar modules.
The plant is expected to employ 1,500 people and has a total built-area of 70,000 square meters.
The products manufactured in Kulim will be sold to all over the world, as well as in Japan.
Maeda said for the last three year, solar panel sales had dropped but not its HIT modules.
`With increasing environment awareness globally and the introduction of subsidy systems as well as a Feed-in Tariff scheme in various countries, the solar market is predicted to grow further,` he added.
Due to this, Maeda said robust demand is expected particularly in the residential sector, the main target area for HIT solar modules.
The solar cell plant at the Kulim Hi-Tech Park is expected to start production in December 2012
Panasonic Corp plans to invest 45 billion yen (about RM1.8 billion) to build a solar cell factory in Malaysia.
The Osaka-based electronics giant will set up Panasonic Energy
Malaysia Sdn Bhd next month to handle the venture at the Kulim
Hi-Tech Park in Kedah. Production is expected to kick off in December 2012, Panasonic said in a statement posted on its website yesterday.
It is learnt that on top of the 45 billion yen, Panasonic is also setting aside 22.5 billion yen (about RM1 billion) as capital for Panasonic Energy.
The plant will have a production capacity of 300 megawatt and
employ some 1,500 people. It will have a built-up area of about 70,000 square metres.
Panasonic said the solar cell market is expected to grow further with environmental awareness increasing globally and the introduction of subsidy systems and Feed-in Tariff schemes in Japan.
“Robust demand is expected particularly in the residential sector, the main target of the Panasonic HIT (Heterojunction with Intrinsic Thin-layer) solar modules.
“The new factory, to be built in the Kulim Hi Tech Park, will not only help Panasonic meet this the growing demand, but also strengthen the HIT module’s cost competitiveness with the vertically-integrated production,” the company said.
Panasonic will sell its solar modules as an individual product as
well as part of a system combined with storage batteries.
Panasonic is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs.
The company, which has several subsidiaries in Malaysia, recorded consolidated net sales of 8.69 trillion yen (RM335 billion) as of March 31 2011.
The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges.
GEORGE TOWN: Panasonic Corp will invest RM1.85bil in its latest solar manufacturing facility in Kulim Hi-Tech Park (KHTP).
The company will be leasing a 60-acre site from KHTP for the facility.
According to sources, Panasonic is now negotiating to finalise the lease payment, which will be a one-time payment, to lease the land for 60 years and an option to renew it for another 39 years.
In KHTP, the rental to lease the land starts from RM23 per sq ft.
Panasonic will start construction of the facility as soon as possible, as it plans for the plant to start operations in December 2012, with an annual production capacity of 300MW.
In an announcement made available at its website, Panasonic announced that it would establish Panasonic Energy Malaysia Sdn Bhd next month to produce solar cells and modules.
Panasonic’s solar manufacturing facility in KHTP will be the second company there after the US-based First Solar, which occupies 160 acres.
First Solar, to date, has invested RM2.9bil in KHTP since 2007, employing 3,400 workers in its six plants.
There are 37 companies providing support services for solar power and semiconductor industries in the country.
Among them is Saint-Gobain Solar (SGS) from France, which has invested RM46mil in KHTP for a glass manufacturing facility to support the solar industry, and is expected to start operations this month.
In the announcement, Panasonic said with environmental awareness increasing globally and the introduction of subsidy systems and feed-in tariff schemes in Japan and other countries, the solar cell market was predicted to grow further.
“Robust demand is expected particularly in the residential sector, the main target of the Panasonic solar modules.
“The new factory in KHTP will not only help Panasonic meet this growing demand, but also strengthen the company’s module’s cost-competitiveness with the vertically-integrated production,” the announcement said.
Panasonic Corp. (6752) will invest 45 billion yen ($582 million) to build a plant for solar cells and modules in Malaysia as the company aims to increase its share in the global market.
The factory will also produce wafers and have a production capacity of 300 megawatts a year, the Osaka, Japan-based electronics maker said today in a statement.
Panasonic aims to sell modules worth 1.6 gigawatts worldwide in the year ending March 2016, Masato Ito, an executive officer, said in Osaka today at a news conference. The company’s previous target was 1.5 gigawatts.
The company picked Malaysia for the new plant to hedge risks of a strong yen and for its reliable infrastructure for power and water, Tetsuhiro Maeda, a senior vice president of Sanyo Electric Co., a unit of Panasonic, said at the conference.
Production will begin in December 2012 and the plant, which will be built in the Kulim Hi-Tech Park in Kedah, northern Malaysia, will employ about 1,500 people.
Panasonic Energy Malaysia Sdn Bhd, to be established next month, will operate a vertically-integrated solar manufacturing facility, producing wafers to cells and modules.
Panasonic said in a statement today that it will invest 45 billion yen (100 yen = RM4.12) in the facility to be located at the Kulim Hi-Tech Park, Kedah.
The factory will start operations in December 2012 with an annual production capacity of 300 MW.
It said 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, it added.
The new factory which will have about 1,500 employees, will not only help Panasonic meet this growing demand, but also strengthen the HIT module’s cost-competitiveness with the vertically-integrated production.
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.