To equip better for new normal, Panasonic Corporation plans to accelerate new businesses in Thailand. The business expansion includes three key initiatives- new product line of housing equipment; strengthening the air quality business; and entering into the modular construction housing in Thailand.
Panasonic to strengthen the housing equipment launch of Robotic Care Bed / Wheelchair Resyone Plus that assists the elderly to get out of bed.
To strengthen the air quality business by introducing new products such as “ziaino” Antibacterial Deodorizer
By partnering with Siam Steel International Public Company Limited, Thailand’s leading manufacturer of steel products and building materials, Panasonic will enter the modular construction housing market in the new fiscal year.
In May 2020, Panasonic Corporation has announced an equity investment in supply chain software provider Blue Yonder . This fresh investment builds a strong strategic relationship between the two companies, including a joint venture in Japan. Panasonic will have a 20% minority ownership stake and one seat on the Board of Directors of Blue Yonder.
In December 2019, Panasonic Corporation expanded its manufacturing footprint in India. Panasonic Life Solutions India Pvt., Ltd., the Thane, Maharashtra-based manufacturing and sales arm of Panasonic’s Life Solutions Company, will build a new factory to produce wiring devices, electrical wire and switchgear .
Panasonic Corporation, a Japanese multinational electronics corporation, it established in 1918. The company is a world leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, and B2B businesses. Panasonic has more than 580 companies and a global workforce of more than 270,000. Business solutions include appliances, life solutions, automotive, industrial solutions and connected solutions.