# Panasonic to invest additional 15 billion yen in Czech heat pump plant

Panasonic Corporation announced an additional 15 billion yen investment in its Czech plant to increase production of air-to-water heat pumps, doubling the new building area and adding production facilities. Combined with prior investments, total European investment reaches 80 billion yen.

- Type: Expansion
- Announced: 2023-03-14
- Where: Czech Republic, Czechia
- Value: $112.5M (15.0B JPY)
- Status: announced
- Capacity: 1 million units globally (medium term)
- Products: air-to-water heat pumps, hydronic systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md)

## Sources

- [news.panasonic.com](https://news.panasonic.com/global/press/en230314-4), 2023-03-14: "the company will invest an additional 15 billion yen in its Czech Plant to increase production of A2W heat pumps"

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