New technology for Matsushita air-cond


MATSUSHITA Electric Industrial Co Ltd will be incorporating its new oxygen generating technology in the air-conditioners turned out at its factories in Malaysia. 

Matsushita Home Appliances Company vice-president Junji Esaka said the move was part of the company's initiative to introduce Panasonic's range of flagship products to the region in view of the recent launch of its Panasonic brand globally.  

“We are not phasing out the existing conventional air-conditioners but incorporating the new technology in the split unit models,” he told journalists yesterday on a factory visit here. 

The move will also further enhance its air-conditioner business in Malaysia. Matsushita Home Appliances is a division of Matsushita Electric.  

Esaka said Malaysia was an important market for air-conditioners in view of the good demand for the product. 

Matsushita's air-conditioners were well known in Malaysia and had a good market share, he added.  

Matsushita has five air-conditioner factories in Shah Alam and two in Petaling Jaya, where it also has a sales office. The Malaysian factories produced 1.5 million air-conditioners last year. 

Matsushita Electric posted global sales of 7.4 trillion yen (US$62bil) for the year to March 31.  

The home appliances division accounted for 16% of total sales.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Business News

China banking regulator says property market is biggest 'grey rhino'
PBOC says China must prevent fiscal deficit monetisation
LBS Group reports stronger sequential performance in 3Q
Ringgit ends easier against US dollar at 4.0730
Super normal profit for Comfort Gloves as 3Q earnings surge over 1,000%
Eversendai posts 3Q net loss of RM35.8m
Mah Sing Group on track to achieve RM1.1b target
Trump to add China's SMIC and CNOOC to defence blacklist
KLCI slumps over 40 points in regional sell-off
Hong Kong stocks drop, but post best month in nearly 2 years

Stories You'll Enjoy