|Panasonic Inaugurates New Lithium-ion Battery Plant in China to Respond to Global Demand
Panasonic (JCN Newswire)
2012-07-17 Osaka, July 17, 2012 - ( JCN Newswire ) - Panasonic Corporation held a dedication ceremony on July 16 to mark the completion of a new consumer lithium-ion battery factory built within the premises of its existing factory in Suzhou, China. The new facility, now in operation, enables integrated production from polar plates to cells and battery packs within the Suzhou site and further strengthens the company's competitiveness in the global market.
Lithium-ion batteries are expected to find wider applications in the new fields, including storage for solar and other renewable energy sources and as a power source for environmentally friendly vehicles. On the other hand, there has been a growing demand for further cost reductions on consumer batteries used in such products as notebook computers and mobile phones, due to intensified global competition and the impact of currency exchange rates.
To meet such demand, Panasonic has set up integrated production systems in its three battery manufacturing bases in China: Suzhou, Wuxi and Beijing. The company will fully utilize these facilities to increase production of consumer lithium-ion batteries and cut costs by lifting the production ratio in China, procuring materials locally and reducing logistics costs. The reinforced production in China will not only facilitate cost reduction but also enable the company to hedge foreign exchange rate risk.
With its enhanced competitiveness backed by the boosted manufacturing capability in China as well as its wide lineup of consumer lithium-ion batteries, Panasonic continues to provide batteries that meet the needs of its customers in a timely and speedy fashion and expand its battery business on a global scale.
Overview of New Factory
Structure: 4 stories (steel construction)
Total area: 49,000 m2
Business: Production of consumer lithium-ion batteries
Overview of Suzhou Factory site (as of July 2012)
Name of company: SANYO Energy (Suzhou) Co., Ltd.
Location: Xukou, Wuzhong District, Suzhou, Jiangsu, China
Established: October 2000
Capital: $100 million
Representative: Koji Nishishita, Managing Director
Business: Production of Consumer lithium-ion batteries,
nickel-cadmium batteries, battery packs, etc.
Employees: Approx. 5,000
Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products in three business fields, consumer, components & devices, and solutions. Based in Osaka, Japan, the company recorded consolidated net sales of 7.85 trillion yen for the year ended March 31, 2012. Panasonic's stock is listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) Stock Exchanges. The company has the vision of becoming the No. 1 Green Innovation Company in the Electronics Industry by the 100th year of its founding in 2018. For more information on Panasonic, its brand and commitment to sustainability, visit the company's website at http://panasonic.net/.