Panasonic plans to invest 20 billion to 30 billion yen by 2012 to transfer its lithium-ion battery production facilities from its wholly-owned subsidiaries, Sanyo Electric's Osaka Plant and the Hyogo Prefecture's Chau Plant, to Suzhou. Beijing.
The Japan Business News quoted an anonymous source on April 23, and Panasonic’s move aims to reduce production costs and maintain its largest share in the global market.
According to Xinhua Overseas Finance quoted informed sources as saying, Matsushita Electric will build a new lithium battery plant in Suzhou, while expanding its Sanyo Electric Co., Ltd. (Sanyo Electric) lithium battery plant in Beijing.
According to the Nihon Keizai Shimbun, Matsushita Electric intends to reduce production costs by 30% by 2015 and 50% by China in 2015. By then, battery revenue, including automotive batteries, will be higher than fiscal year 2009/2010. Doubled to 1 trillion yen.
At present, 80% to 90% of Matsushita's lithium batteries are produced in Japan and the rest in China.
The personage of Panasonic Chinese company said yesterday, did not comment on the above report, but said "our company is discussing various strategies in lithium battery business, will release when appropriate."
According to research firm Techno Systems Research, Panasonic and its wholly-owned subsidiary Sanyo Electric have a total share of about 26% in the global lithium battery market.
Wang Xiwen, an electronic information industry branch of the China Council for the Promotion of International Trade who has long paid attention to the development of Japan’s industries, told the Morning Post reporter yesterday that Panasonic’s lithium battery production capacity was relocated to China and was planned in the past few years. “Suzhou factories have repeatedly discussed a long period of time. In time, the expansion of the Beijing factory was not a decision made after the earthquake. There was a plan before it."
Wang Xiwen said that after the earthquake, Japanese Renesas Semiconductor and Nissan companies earlier said they would relocate their production capacity to Southeast Asia. They have not yet seen large Japanese companies openly stated that they will transfer production capacity to China.
The related person of the Panasonic China company stated that at present, the headquarters in Japan has not released any plans for the industrial transfer caused by the earthquake.
However, some smaller capacity shifts are still being carried out quietly. In the Yangtze River Delta region where Japanese-funded enterprises are concentrated, Wang Yan, Wuxi Bureau of Commerce’s Director of Comprehensive Affairs, told the Morning Post that due to the shortage of supply due to the earthquake in Japan, orders for some Wuxi companies from Japan have increased significantly. Some Japanese companies have begun to choose Transferred to China for production. "The main category is electronic, and the amount of money involved in the initial stage of transfer is small."
According to a report in the Wall Street Journal, Japan's Kureha Corp. had previously considered moving some polyvinylidene fluoride (PVDF) production capacity to the United States and China, and the plan will now be accelerated. Wu Yu Chemical Industry holds 70% of the global market share of PVDF. The company currently has plants in the United States, China, and Vietnam, but it does not produce polyvinylidene fluoride.
The Japan Business News quoted an anonymous source on April 23, and Panasonic’s move aims to reduce production costs and maintain its largest share in the global market.
According to Xinhua Overseas Finance quoted informed sources as saying, Matsushita Electric will build a new lithium battery plant in Suzhou, while expanding its Sanyo Electric Co., Ltd. (Sanyo Electric) lithium battery plant in Beijing.
According to the Nihon Keizai Shimbun, Matsushita Electric intends to reduce production costs by 30% by 2015 and 50% by China in 2015. By then, battery revenue, including automotive batteries, will be higher than fiscal year 2009/2010. Doubled to 1 trillion yen.
At present, 80% to 90% of Matsushita's lithium batteries are produced in Japan and the rest in China.
The personage of Panasonic Chinese company said yesterday, did not comment on the above report, but said "our company is discussing various strategies in lithium battery business, will release when appropriate."
According to research firm Techno Systems Research, Panasonic and its wholly-owned subsidiary Sanyo Electric have a total share of about 26% in the global lithium battery market.
Wang Xiwen, an electronic information industry branch of the China Council for the Promotion of International Trade who has long paid attention to the development of Japan’s industries, told the Morning Post reporter yesterday that Panasonic’s lithium battery production capacity was relocated to China and was planned in the past few years. “Suzhou factories have repeatedly discussed a long period of time. In time, the expansion of the Beijing factory was not a decision made after the earthquake. There was a plan before it."
Wang Xiwen said that after the earthquake, Japanese Renesas Semiconductor and Nissan companies earlier said they would relocate their production capacity to Southeast Asia. They have not yet seen large Japanese companies openly stated that they will transfer production capacity to China.
The related person of the Panasonic China company stated that at present, the headquarters in Japan has not released any plans for the industrial transfer caused by the earthquake.
However, some smaller capacity shifts are still being carried out quietly. In the Yangtze River Delta region where Japanese-funded enterprises are concentrated, Wang Yan, Wuxi Bureau of Commerce’s Director of Comprehensive Affairs, told the Morning Post that due to the shortage of supply due to the earthquake in Japan, orders for some Wuxi companies from Japan have increased significantly. Some Japanese companies have begun to choose Transferred to China for production. "The main category is electronic, and the amount of money involved in the initial stage of transfer is small."
According to a report in the Wall Street Journal, Japan's Kureha Corp. had previously considered moving some polyvinylidene fluoride (PVDF) production capacity to the United States and China, and the plan will now be accelerated. Wu Yu Chemical Industry holds 70% of the global market share of PVDF. The company currently has plants in the United States, China, and Vietnam, but it does not produce polyvinylidene fluoride.
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