Panasonic to withdraw from production of photovoltaic products
Post date: 04/02/2021 - 10:53
Japanese Panasonic Corp. will cease the manufacturing of photovoltaic products at its factories in Malaysia and Shimane Prefecture, Japan. According to the company, this will result in the withdrawal from the production of photovoltaic products in the course of fiscal year 2022 that ends in March 2022, »completing the structural reform of its photovoltaic business«. The factory Panasonic Solar Energy Malaysia Sdn. Bhd. will be liquidated. As for Shimane factory, the production of inverters, storage batteries, and other products will continue.
With the withdrawal of production, the photovoltaic R&D functions of Nishikinohama factory in Kaizuka City, Osaka, will be downsized accordingly and human resources will be shifted to other growth areas.
Panasonic will continue the sales of photovoltaic modules under the Panasonic brand in Japan by subcontracting production to its manufacturing partners. For the global market outside Japan, the company will also continue to sell outsourced photovoltaic modules as it has been doing in North America.