Panasonic sets according to rumors, a further expansion of a manufacturing facility for solar panels in Maleisi lwa on loose screws. A slowdown in demand mainly in Europe would cause them. Also, revenue from lithium batteries would be disappointing.
Panasonic has recently launched a manufacturing facility for solar panels in Malaysia dropped, with a total investment of about 438 million euros. This increased the company’s production capacity for solar modules with a third, to 900MW per year. There were plans to further expand to 1.5 GW per year, but according to Reuters, these plans are revised downwards as a result of the economic downturn. Especially the European demand for solar panels would be lower than expected.
In addition, it is also necessary to consider the production of lithium batteries for, among others, pcs, and other electronic equipment. Panasonic has suffered from price competition from Korea and China. The expectation was that the responsible division by the move of production to China this year out of the red figures would come, but according to Reuters, should the division yet again negative figures denote.
As a result of the cost savings, which are part of a previously announced, large-scale reorganization, according to sources of the news service for Panasonics Energy Company difficult to the stated objectives. So would the business unit in the financial year that ends in march 2016, with a turnover of only approximately 9,272 billion euros to achieve. This would be good for ten percent of the total revenue of the company. Also the objective of an operating margin of ten per cent in that financial year would be difficult to achieve.
