ASEAN KEY DESTINATIONS
Panasonic vows to stay in RP
Japanese electronics giant Panasonic Manufacturing Philippines Corp. (PMPC) is not moving out of the Philippines anytime soon to join other electronics giant like Intel Philippines that has shut down their operations because of the global economic meltdown, reported the Manila Times.
Executives of Panasonic also assured that the company does not have plans of implementing huge job cuts. The company recently announced the shutdown of its battery plant in Taytay, Rizal by end-March.
"We are committed to the Philippines and we have no plans of moving out," said Jeffrey Woodruff, Panasonic's Sales Group manager in a press conference where the company introduced its new alkaline battery called "EVOLTA."
The company also unveiled its latest “eco-friendly” products such as plasma and LCD TVs, and cameras during the Eco Products International Fair 2009 at the SMX Convention Center in Pasay City.
Panasonic Manufacturing Philippines Corporation (PMPC) is a manufacturer, importer and distributor of electronic, electrical, mechanical, electro-mechanical appliances, other types of machines, parts and components, battery and related products bearing the brand name "Panasonic".
At present, the primary products manufactured by PMPC are refrigerators, air conditioners, washing machines, electric fans, dry cell batteries and flashlights.
PMPC, formerly known as Matsushita Electric Philippines Corporation, changed its corporate name to Panasonic Manufacturing Philippines Corporation and officially started using it on April 1, 2005 along with its continuing commitment to customer satisfaction and service to society.
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