Under these circumstances, the company will focus on Europe as a priority region and accelerate its growth strategy to expand its business. While the demand for energy-efficient and other environmentally-friendly products is growing, the industry is required to comply with regulations on CFCs *1, which are used as refrigerants in air conditioners, in order to prevent global warming.
On April 1, 2023, the HVAC Company will establish a HVAC Business Division Europe in Germany to transfer development, manufacturing and sales functions to the region and shift to regionally optimized management.Įurope is at the forefront of efforts to transition to a carbon-free society. Combined with the investment already announced last year, the total investment in the European region amounts to 80 billion yen. As part of this strategy, the company will invest an additional 15 billion yen in its Czech Plant to increase production of A2W heat pumps, for which demand is growing. Osaka, Japan - Panasonic Corporation today announced that it will accelerate its growth strategy for its Heating & Ventilation A/C Company (HVAC Company) for the air-to-water (A2W) heat pump and hydronic systems business in the European market. HVAC Business Division Europe to be established
Investment of 80 billion yen in the expansion of business
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