25 Nov '11, 9pm

Panasonic's S$763m deal shines on M'sia - TODAYonline

KUALA LUMPUR - Japanese electronics giant Panasonic Corp is spending ¥45 billion (S$763 million) to build a solar cell facility in Malaysia, positioning for further growth in the sector amid rising global environmental awareness and the introduction of subsidy schemes in Japan and other countries. The factory, to be located in Kulim Hi-Tech Park in Kedah, will cover more than 700,000 sq ft and create 1,500 jobs. Scheduled to start production next December, it will have an annual output of solar cells that will have a generation capacity of 300 megawatts, Panasonic said yesterday. The company said it would accelerate its solar business development globally. Robust demand is expected particularly in the residential sector, it said, adding it would sell its solar modules as an individual product as well as part of a system combined with storage batteries. A person familiar wi...

Full article: http://www.todayonline.com/Hotnews/EDC111126-0000037/Pana...

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