# Panasonic Electric Works Vietnam to expand electrical construction materials business

Panasonic Electric Works Vietnam Co., Ltd. announced plans to accelerate expansion of its electrical construction materials business in Vietnam, targeting a 3.5-fold sales increase to 50 billion yen by FY2031. Strategies include building local product development, strengthening production capacity of wiring devices and IAQ devices, and co-creation with local companies.

- Type: Expansion
- Announced: 2022-07-12
- Where: Vietnam, Vietnam
- Starts operating: 2031
- Status: announced
- Products: wiring devices, lighting, IAQ devices
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Panasonic Electric Works Vietnam](https://endata.com/companies/11460.md)
- [Panasonic](https://endata.com/companies/1026.md) (partner)

## Sources

- [news.panasonic.com](https://news.panasonic.com/global/press/en220712-2), 2022-07-11: "Electric Works Company deploys globally a wide range of electric construction material and provides solution to social issues in the various countries, and one of the most important countries for our future business growth is Vietnam"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.