By the impact of the exchange rate of Panasonic intends to close the Indonesian LED Lighting Factory

Nikkei News reported on the 12, due to the depreciation of the yen led to deterioration of import earnings, so the Japanese LED lighting leader Panasonic plans to the Japanese market for all of the LED lighting products back to domestic production. Reported that, LED Lighting Factory is located in the Indonesian province of West Java Panasonic as its only a production of residential products overseas bases, the seat of Indonesia factory production of 8 export to Japan, while Panasonic plans to shut down before the end of October this year, the factory production capacity will be moved back to Japan in Iraq to factory. LED lighting products market in Japan needed to move back to full production in japan.

According to reports, the Indonesian factory supply demand in Southeast Asia, China capacity will move in this year is located in East Java province factory, Panasonic expected by the reorganization of production measures to reduce the negative impact caused by the exchange rate.

According to data released by the relevant research institutions show that in 2015 H1 (1-6 months) Panasonic in Japan LED bulb / fluorescent lamp market share of up to 46.2% in the first place.

Panasonic published in May 26th the lighting business growth strategy, in addition to plans to expand automotive lighting products sales with LED car headlights, also plans to end in 2018, the production of fluorescent lamps, lighting products in Japan will be shipped all change to LED, the target for the year 2018 will be in the lighting business revenue scale to 400 billion yen, will be about 300 billion yen compared with 2014 annual increase in 3, business interest rate target for the above 8% level (2014 annual camp interest rate is less than 5%).

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