Panasonic Malaysia’s cost-optimisation to augur well

In the long run, MIDF Research noted that PMM’s profitability could improve on the back of additional capacity from the new factory at SA2, which would reduce the company’s reliance on external contractors by close to 50%.

PETALING JAYA: Panasonic Manufacturing Malaysia Bhd’s (PMM) margins are likely to come under pressure in the second quarter of the year on the back of high raw material and operating costs due to stringent standard operating procedures (SOPs).

MIDF Research said prices of raw material such as plastic resins, copper and aluminium rose by 4% to 13% compared to the preceding quarter.