Panasonic Life Solutions India inaugurates ECM segment’s automated manufacturing unit

By admin May 16, 2022 3:29 pm

The factory aims to produce more than 200 million pieces of switches per year in the next 5 years.

Panasonic Life Solutions India, a wholly owned subsidiary of Panasonic Corporation, opened its new manufacturing facility in Sri City, Andhra Pradesh. The facility aims to strengthen the company’s presence in the Southern Region and develop market synergies by providing swift material deliveries and customer delight. The ‘highly automated’ unit is spread over 133,584 sq. mtr., and currently covers a floor area of 37,025 sq. mtr. This will be the company’s first electrical equipment manufacturing base in Southern India and seventh in India followed by facilities in the North and West regions.

The company will be making a total investment of INR 600 Cr in two phases; the first phase of INR 300 Crore has been made. Through this facility, the aim is to support the infrastructure development, create employment opportunities, and industrial development in Andhra Pradesh. It will contribute to the company’s larger goal of increasing capacity expansion in India and carbon neutrality by 2030 to deliver on the promise of a carbon-neutral future.

This facility is fully operational and will primarily focus on manufacturing Wiring Devices products covering Roma, Penta Modular, and Roma Urban. Additionally, the company further intends to add other products from the Wiring Devices and include Switchgear, Wires, and Indoor Air Quality (IAQ) products over a period. Currently, the production capacity in the first year is 80 million units, and it is expected to increase by 15 percent year by year as sales further expand.

Besides, the new facility will benefit the local communities as it is expected to create direct and indirect employment opportunities by developing a local supplier network only for Wiring Devices products by FY2025.

Advertising

Your future advertising space? Our media data