Panasonic Electric Works Establishes New Company in Republic of Serbia to Manufacture Energy-efficient Electronic Devices for Lighting Fixtures
Nov 30, 2010 In November 2010, Panasonic Electric Works Co., Ltd. established a new company in Svilajnac, the Republic of Serbia, to manufacture energy-efficient electronic devices (ballasts) for lighting fixtures.
The new company is named Panasonic Electric Works Vossloh-Schwabe Serbia d.o.o.The capital expenditure in FY2011 ending March 31, 2011 is approx. JPY 70 million (EUR 580,000). Volume production will commence in January 2011.
The new company is a wholly owned subsidiary of Panasonic Electric Works Vossloh-Schwabe GmbH (PEWVS, head office: Lüdenscheid, Germany) that manufactures and sells lighting devices.
Panasonic Electric Works acquired PEWVS to make the company a subsidiary in 2002.
The capital is approx. JPY 120 million (EUR 1 million). The President is Dirk Pophanken. Number of employees is planned to be approx. 60 in FY2011 ending March 31, 2011. The main production items are electronic ballasts.
Production capacity: 4.5 million units (FY2012 ending March 31, 2012)
Plant area: 2,250 m2
Author: BIO T&T
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