Panasonic to build solar panel yard in the field of Malaysia

Panasonic laptop battery Corp long for invest in the role of much in the role of 50 billion yearning ($645 million) to build a solar panel yard in the field of Malaysia, its formerly such talent overseas, in the role of a strapping yearning pushes up production overheads by the side of habitat, two industry sources told Reuters.

The secure, which has been touting environmental and energy know-how in the role of secret growth areas, dropped a sketch to convert a television panel yard in the field of Western Japan into a solar power factory in the field of October as of the rising yearning and an industry penalty war.

The Malaysia yard long for start production in the field of the economic time preparatory after that April and bolster the company's solar output facility by 50 percent to approximately 900 MW, the sources assumed.

The company devices both production of Panasonic laptop battery solar cells and school assembly of solar panels by the side of the yard, the sources assumed.

Panasonic declined to confirm the sketch. "We long for announce details of our solar panel growth strategy by the side of the appropriate point," assumed company spokesman Akira Kadota.

Competition with Japan's vast solar panel makers, with sharp-witted Corp and Kyocera Corp, is rising in the role of they look to compete with rivals overseas.

By the side of the same point demand designed for solar panels is projected to slump in the field of Europe due to cuts in the field of government funding.

Sales of solar cells in the field of Japan rose 28.7 percent in the field of the July-September quarter from the same dot a time earlier, slowing designed for the seventh straight quarter. Solar panel exports from Japan fell 11.3 percent in the field of the same dot.

Shares in the field of Panasonic laptop battery, which is forecasting its biggest loss in the field of a decade designed for the time to protest march 2012, were down 1.7 percent by the side of 680 yearning by prematurely afternoon trade on Friday, compared with a 1.3 percent fall in the field of the Nikkei ordinary.

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Panasonic acquisition of Sanyo and Matsushita Electric at 9.4 billion

July 29 evening news, according to foreign media reports, Matsushita Electric Industrial Co. announced plans to 818.4 billion yen (about 9.4 billion U.S. dollars) to buy Sanyo Electric and Matsushita Electric subsidiary, all of the shares.

Matsushita Electric is now the world's fourth largest flat panel TV manufacturers. The company will issue 500 billion yen of new shares to raise funds for the acquisition. Matsushita Electric shares the additional information leading to the company's share price dropped 11%.

In the president Fumio Ohtsubo (Fumio Ohtsubo) under the leadership of Matsushita Electric home appliances are manufactured from low-margin to the solar cell and other energy-related industries turn, these industries have good growth prospects.

Kubo of Japan Okasan Securities analyst emerging in (sound): "The Panasonic cost of doing so is not low, but I think investors will welcome the deal, because Panasonic will be able to quickly develop environment-related business." He pointed out that : "Just by virtue of audio-visual business, Panasonic can not achieve significant growth."

Reuters and other media reported this news, the Matsushita Electric shares since March 2009 a record low since. Investors fear the move will result in Panasonic existing shares to be diluted. Matsushita to sell to investors led to 3.5 billion market value evaporated.

Matsushita Electric is working to enhance the profits of the overseas market and is working with Samsung Electronics and LG Electronics launched a price war. Matsushita Electric had said it would gradually withdraw from the business overlap with Sanyo Electric. In addition, through this acquisition, Matsushita Electric can put more resources into better business prospects, such as solar cells and lithium on.

Panasonic will be 23 August to 6 October to the two subsidiaries to an offer. Matsushita Electric and Panasonic, Sanyo Electric on the purchase price was 138 yen and 1,110 yen per share, compared with the latter two stocks over the past three months has averaged 9.5% and 17.1% of the premium rate.

Matsushita Electric Industrial Co. in December last year to 4 billion U.S. dollars to buy a 50% stake in Sanyo Electric. Sanyo Electric is the world's leading rechargeable battery and solar cell manufacturers. Matsushita Electric Matsushita Electric also has a 51% stake, which mainly manufacture housing materials and lighting equipment.

After completion of the deal, Matsushita Electric program in January 2012 before the restructuring of the business, build three core business. Ohtsubo in May this year announced a new three-year business plan, Matsushita Electric program in March 2013 prior to operation of margin doubled to 5%, while revenue increases by 1 / 3, reaching 10 trillion yen .

Matsushita Electric and Sanyo Electric plans to withdraw from overlapping operations, these businesses generated annual revenue of 3,000 billion yen. The two companies also plan the development and integration of white goods manufacture.

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