Plumbing. Heating. Conditioning. Energy Efficiency.

Panasonic solar cell factory in Malaysia

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01 December 2011

Japanese electronics giant Panasonic said it would build a new solar cell factory in Malaysia, as it looks abroad to cut production costs caused by the surging yen.

The company said it would spend 45 billion yen ($582 million) on the new factory making cells -- a key component of solar panels -- capable of generating 300 megawatts of power.

The factory, in addition to those owned in Japan, will help Panasonic increase by 50 percent its annual production to 900 megawatts by 2013.

Panasonic's plant in the northwestern Malaysian state of Kedah, which would employ 1,500 people and start production in December 2012, will strengthen the firm's cost competitiveness.

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