Panasonic to Construct a New Building at the Vietnam Factory to Produce Wiring Devices and Circuit Breakers

Panasonic Corporation announced today that Panasonic Life Solutions Vietnam Co., Ltd. headquartered in Binh Duong province, Socialist Republic of Vietnam, will construct a new building on the premises of its existing factory in order to respond to the increasing demand for electrical construction materials in Vietnam. This will be the company's second factory capable of producing wiring devices and circuit breakers, with an investment of approximately 1.3 billion yen. The new factory is scheduled to start production in April 2023.