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Panasonic Pursuing 200 Billion in Commercial AC Sales by FY 2020
2017/10/23
-- Priority Focus on Asia and Europe
In July 2017, Panasonic announced its plan to earn 200 billion (about US$ 1.8 billion) in the large air conditioner business by fiscal year 2020 (end March 2021).
 
Panasonic has seen strong sales of room air conditioners (RACs) in Asia and enjoys a large market share especially in Malaysia, in which the company owns a production base to manufacture RACs and commercial air conditioners for overseas market.


Panasonic acquires AMP

Against this backdrop, the company established Panasonic Appliances Air-Conditioning Malaysia (PAPASEMY) in January 2015. PAPASEMY has successfully expanded sales of commercial air conditioners led by packaged air conditioners (PACs) and variable refrigerant flow (VRF) systems.
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