Strategic Review of Panasonic’s Refrigeration Compressors Business
2021-11-21
On September 23, 2021, Panasonic announced that given the challenging global business outlook and following Panasonic’s long-term business strategic review of the refrigeration compressor business portfolio, the company will cease the manufacturing of refrigeration compressors in Singapore by the end of September 2022. Panasonic will consolidate the compressor manufacturing operations in its existing facilities in Malacca (Malaysia) and Wuxi (China), including the casting operation over to the company’s current factory in Malacca (Malaysia).
