Panasonic to expand in Shunde

Japan’s Panasonic has decided to increase its investment and expand production in Shunde, according to Nanfang Daily. The new plant will focus on expanding the production capacity of air purification equipment and fresh air system, which will be sold globally, the company said.

Shunde’s total imports and exports to Japan reached RMB7.93 billion in 2018, a year-on-year increase of 16.5%. Currently more than 50 well-known Japanese companies have invested in Shunde, with a total investment of over US$940 million.

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