Market Chatter: Panasonic Moves Appliance Manufacturing Hubs to China from Asia-Pacific Region Over Lower Duties

MT Newswires Live11-15

Panasonic Holdings (TYO:6752) relocated some of its production to China to take advantage of the country being the biggest free trade area of the world, as well as its lower tariffs, engineer workforce and favorable supply chain, Yicai Global reported Thursday, citing a company executive.

The Japanese electronics giant moved the production of vacuum insulation panels to Chongqing and refrigerator compressors to Wuxi. Thailand used to be the location of the company's vacuum insulation panel production, while the manufacturing of refrigerator compressors used to be in Malaysia and Singapore, Executive Vice President Tetsuro Homma told the media outlet at the China International Import Expo.

Homma said tariffs between China and many Asian countries were reduced as a result of the Regional Comprehensive Economic Partnership, which was implemented in 2022.

Panasonic is also revamping its production layout while considering marketing Chinese-made home appliances to the Asia-Pacific region, Homma said.

The company's shares slipped less than 2% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (JPY): $1462.50, Change: $-35, Percent Change: -2.30%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483160053?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-15 14:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483160053","market":"nz","top_or_hot":-1,"title":"Market Chatter: Panasonic Moves Appliance Manufacturing Hubs to China from Asia-Pacific Region Over Lower Duties","media":"MT Newswires Live","content":"<html><body><p> Panasonic Holdings (TYO:6752) relocated some of its production to China to take advantage of the country being the biggest free trade area of the world, as well as its lower tariffs, engineer workforce and favorable supply chain, Yicai Global reported Thursday, citing a company executive.</p><p>The Japanese electronics giant moved the production of vacuum insulation panels to Chongqing and refrigerator compressors to Wuxi. Thailand used to be the location of the company's vacuum insulation panel production, while the manufacturing of refrigerator compressors used to be in Malaysia and Singapore, Executive Vice President Tetsuro Homma told the media outlet at the China International Import Expo.</p><p>Homma said tariffs between China and many Asian countries were reduced as a result of the Regional Comprehensive Economic Partnership, which was implemented in 2022.</p><p>Panasonic is also revamping its production layout while considering marketing Chinese-made home appliances to the Asia-Pacific region, Homma said.</p><p>The company's shares slipped less than 2% in recent trade.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price (JPY): $1462.50, Change: $-35, Percent Change: -2.30%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Panasonic Moves Appliance Manufacturing Hubs to China from Asia-Pacific Region Over Lower Duties</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Panasonic Moves Appliance Manufacturing Hubs to China from Asia-Pacific Region Over Lower Duties\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 14:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Panasonic Holdings (TYO:6752) relocated some of its production to China to take advantage of the country being the biggest free trade area of the world, as well as its lower tariffs, engineer ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4078","symbol_name":"消费电子产品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2483160053","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483160053","pubTimestamp":1731653186,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Panasonic Holdings  relocated some of its production to China to take advantage of the country being the biggest free trade area of the world, as well as its lower tariffs, engineer workforce and favorable supply chain, Yicai Global reported Thursday, citing a company executive.The Japanese electronics giant moved the production of vacuum insulation panels to Chongqing and refrigerator compressors to Wuxi. Thailand used to be the location of the company's vacuum insulation panel production, while the manufacturing of refrigerator compressors used to be in Malaysia and Singapore, Executive Vice President Tetsuro Homma told the media outlet at the China International Import Expo.Homma said tariffs between China and many Asian countries were reduced as a result of the Regional Comprehensive Economic Partnership, which was implemented in 2022.Panasonic is also revamping its production layout while considering marketing Chinese-made home appliances to the Asia-Pacific region, Homma said.The","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4078":"消费电子产品","PCRFY":"松下"},"translate_title":"市场热议：松下因关税降低而将家电制造中心从亚太地区迁至中国","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PCRFY":1},"content_text":"Panasonic Holdings (TYO:6752) relocated some of its production to China to take advantage of the country being the biggest free trade area of the world, as well as its lower tariffs, engineer workforce and favorable supply chain, Yicai Global reported Thursday, citing a company executive.The Japanese electronics giant moved the production of vacuum insulation panels to Chongqing and refrigerator compressors to Wuxi. Thailand used to be the location of the company's vacuum insulation panel production, while the manufacturing of refrigerator compressors used to be in Malaysia and Singapore, Executive Vice President Tetsuro Homma told the media outlet at the China International Import Expo.Homma said tariffs between China and many Asian countries were reduced as a result of the Regional Comprehensive Economic Partnership, which was implemented in 2022.Panasonic is also revamping its production layout while considering marketing Chinese-made home appliances to the Asia-Pacific region, Homma said.The company's shares slipped less than 2% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price (JPY): $1462.50, Change: $-35, Percent Change: -2.30%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483160053"}