# Panasonic invests €145M in Czech heat pump plant

Panasonic announced an investment of about 20 billion yen (approx. €145 million) in its Plzen, Czech Republic plant by fiscal year ending March 2026 to strengthen air-to-water heat pump production. The company aims to increase annual production capacity to 500,000 units by March 2026.

- Type: Investment
- Announced: 2022-09-02
- Where: Plzen, Czech Republic, Czechia
- Value: $145.0M (145.0M EUR)
- Starts operating: 2026
- Status: announced
- Capacity: 500,000 units per year
- Products: air-to-water heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md)
- [Panasonic AVC Networks Czech](https://endata.com/companies/34828.md) (partner)

## Sources

- [news.panasonic.com](https://news.panasonic.com/global/press/en220902-2), 2022-09-02: "Panasonic Corporation today announced that it would invest about 20 billion yen (approx. 145 million euros) in its Czech Plant by the Fiscal Year ending in March 2026 to strengthen the production of air-to-water heat pumps."
- [news.panasonic.com](https://news.panasonic.com/global/press/en221003-3), 2022-10-03: "The company plans to release three new environmentally conscious models for homes using natural refrigerants in Europe in May 2023, a first for a Japanese manufacturer."

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