Panasonic Builds New R&D Base for AC, Hot Water Supply, and Heating

Panasonic Heating & Ventilation A/C Company has constructed a new building that serves as a core of research and development (R&D) for air conditioning, hot water supply, and heating businesses on the premises of its Kusatsu plant, the company’s business base, and has started its operation. The total investment amount is about ¥4 billion (about US$ 28.8 million).