It is reported that Japan’s Panasonic in China next year, the production of LED lamps for the local market. Production is expected to close early in the current fiscal year in March started in Beijing and Hangzhou in the production of group conversion part of the production line. As prices fall, some products may use a contractor. Including LED embedded light bulbs and chandeliers, including products by Panasonic goods in China’s lighting equipment for sale with the local large-scale retailers.
Panasonic Matsushita Electric Works, Ltd. is a wholly owned subsidiary of Matsushita Electric senior managing director, said, LED lights use the growth rate faster than they expected. Panasonic and Matsushita Electric will merge next month. Matsushita Group plans to make use of China’s LED lighting product in fiscal year 2015 revenue 15.5 billion yen.
The Chinese government is through subsidies and other measures to promote the use of energy-saving lamps, so Panasonic will China as second only to Japan’s market prospects. However, price competition is relatively intense, Panasonic decided to open the local production in order to increase cost competitiveness.