Matsushita Breaks Ground at New Industrial Park in China; Hangzhou Now Production Center for Its Home Appliances Group.OSAKA Osaka (ō`säkä), city (1990 pop. 2,623,801), capital of Osaka prefecture, S Honshu, Japan, on Osaka Bay, at the mouth of the Yodo River. , Japan -- Matsushita Electric Industrial Co., Ltd., best known for its Panasonic
The company will build two factories in the new industrial park: Panasonic Home Appliances (Hangzhou) Co., Ltd. will manufacture air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. compressors and electronic home appliances while Panasonic Home Appliances (Hangzhou) Precision Machining Co., Ltd. will precision-process compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve components. Both companies were locally incorporated on September 29 and April 28, 2004, respectively. Matsushita plans to relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. Panasonic Home Appliances Washing Machine (storage) washing machine - An old-style 14-inch hard disk in a floor-standing cabinet. So called because of the size of the cabinet and the "top-loading" access to the media packs - and, of course, they were always set on "spin cycle". (Hangzhou) Co., Ltd., now operating in Hangzhou City, to the Park, developing the company into a leading washing machine factory in the world by lifting its annual production capacity to 2.5 million units in the short haul Short distance. Short haul implies traversing a small geographic area such as a few miles at most. Contrast with long haul. See line driver. . The total investment will be 1.9 billion yuan Yuan (yüän), river, 540 mi (869 km) long, rising in S Guizhou prov. and flowing generally NE to Donting lake, Hunan prov., SE China. Navigation above Changde is limited by rapids to small craft. (about 27 billion yen)(1). The factories will be in operation by October 2005. With the efficient industrial infrastructure and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , Matsushita focuses on Hangzhou area as the key to the future growth of its home appliances business in China. The area hosts many of the Home Appliances Group's production bases for gas cookers, rice cookers For the car modification term, see . A rice cooker or rice steamer is a self-contained electrical appliance, used primarily for cooking rice. There are also microwave, gas, and open flame variants. and vacuum cleaners vacuum cleaner, mechanical device using a draft of air to remove dust, loose dirt, or other particulate matter from dry surfaces. It is especially useful on highly textured surfaces, such as carpets and upholstery, that are difficult to clean by wiping or brushing. among others. To respond to China's growing market, Matsushita will continue to build and expand new and existing facilities in the area. Panasonic Home Appliances (Hangzhou) (Export Processing Zone) Co., Ltd., located in the Hangzhou Export Processing Zone, will reinforce the company's global supply site as it starts producing vacuum cleaners for Europe. The company will also look into the possible establishment of a product development center in the site. Matsushita is expanding its business in China as it considers the market a growth engine for its home appliances business around the world. In Japan, the company has been winning customers' support by developing ecology ecology, study of the relationships of organisms to their physical environment and to one another. The study of an individual organism or a single species is termed autecology; the study of groups of organisms is called synecology. and environment-sensitive products and proposing new lifestyles. Making Hangzhou area the core of its home appliances operation in China, Matsushita will develop products for China based on the same corporate commitment to the environment. Matsushita is also committed to providing superior value-added quality products that are designed to integrate appropriately into Chinese culture and daily life. The Home Appliances Group, headquartered in Toyonaka City, Osaka, is comprised of the four companies: Matsushita Home Appliances Company, Matsushita Refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. Company, Matsushita Housing Equipment & Systems Corporation, and Matsushita Food Service System Company.
Outline of the New Companies:
Panasonic Home Appliances (Hangzhou) Co., Ltd.
President: Kazuhiko Kuroki
Location: Xia Sha, Hangzhou Economic & Technological
Development Area, Zhejiang Province
Capital: 760 million yuan (10.7 billion yen)(1)
Equity: 100% owned by Matsushita Electric (China) Co., Ltd.
Foundation: September 29, 2004
Operations: Manufacturing and marketing of electric home
appliances and air conditioning compressors
Panasonic Home Appliances (Hangzhou) Precision Machining Co. Ltd.
President: Kazuhiko Kuroki
Location: Xia Sha, Hangzhou Economic & Technological
Development Area,
Zhejiang Province
Capital: 200 million yuan (2.8 billion yen)(1)
Equity: 100% owned by Matsushita Electric (China) Co., Ltd.
Foundation: April 28, 2004
Operations: Precision processing of components for air
conditioning compressors
Production: Scheduled to commence in October 2005 (for
the two companies)
Production volume(2): 1.8 billion yuan (26 billion yen(1), for
2006)
Number of employees(2): 2,600 (for 2006)
Lot area(2): 146,000 square meters
Floor space(2): 53,000 square meters
(1) Exchange rate: 1 yuan = 14.1 yen
(2) Combined figures for the two companies
The Home Appliances Group Companies in Hangzhou Area Now
Main Capacity
Company Location Products (projected
for 2006)
------------------------------ -------------- ---------- ----------
Panasonic Home Appliances 93, Chang Ban Fully 2.5
Washing Machine (Hangzhou) Xiang, Gong automatic million
Co., Ltd. Shu District, washers,
(PHAWMH) Hangzhou, twin-tub
Zhejiang washers
(Hangzhou Matsushita Home
Appliance Co., Ltd.) (To be moved
to Xia Sha,
Hangzhou
Economic &
Technological
Development
Area)
------------------------------ -------------- ---------- ----------
Panasonic Home Appliances Rice Avenue 3, Rice 2 million
Cooker (Hangzhou) Co. Ltd. Hangzhou cookers
(PHARCH) Economic & and
Technological warmers
(Hangzhou Matsushita Kitchen Development
Appliances Co., Ltd.) Area
------------------------------ -------------- ---------- ----------
Panasonic Home Appliances & 19 Avenue 3, Gas 1 million
System (Hangzhou) Co., Ltd. Hangzhou cookers, (gas
(PHASH) Economic & vacuum cookers)
Technological cleaners
(Hangzhou Matsushita Home Development for China
Appliances & System Co., Area market,
Ltd.) hygiene
toilet
seats
------------------------------ -------------- ---------- ----------
Panasonic Home Appliances Building No. Vacuum 2 million
(Hangzhou) (Export Processing 9, Export cleaners
Zone) Co., Ltd. Processing for
(PHAH-EP) Zone, export
Avenue12,
(Hangzhou Matsushita Home Hangzhou
Appliances & System (Export Economic &
Processing Zone) Co., Ltd.) Technological
Development
Area
------------------------------ -------------- ---------- ----------
As of October 1, 2004 the above four companies were renamed as part of Matsushita's global brand unification (programming) unification - The generalisation of pattern matching that is the logic programming equivalent of instantiation in logic. When two terms are to be unified, they are compared. strategy. They were formerly known by the names indicated in parentheses See parenthesis. parentheses - See left parenthesis, right parenthesis. . About Matsushita Electric Industrial Co., Ltd. (Panasonic) Matsushita Electric Industrial Co., Ltd., best known for its Panasonic brand name, is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated sales of US$71.92 billion for the fiscal year ended March 31, 2004. Matsushita's shares are listed on the Tokyo, Osaka, Nagoya, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (NYSE NYSE See: New York Stock Exchange :MC), Euronext Amsterdam and Frankfurt stock exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. . For more information on the company and its Panasonic brand, visit the Matsushita website at http://www.panasonic.co.jp/global/top.html. |
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