Panasonic electrician to strengthen LED lighting business, 2012 annual sales target of 30 billion yen

Matsushita Electric announced that in order to strengthen the LED lighting business, in the spring of 2009 will be about 300 new products LED lighting appliances. This will enable the company's 09 annual LED lighting appliance products expanded to about 700. New products will be mainly used in residential, shops, facilities, disaster prevention and outdoor areas such as canton. Residential product groups can provide all of the housing LED lighting, residential areas outside the product group can support any location lighting. Matsushita Electric strive to 2010 annual sales of LED lighting business reached about 15 billion yen. About 2 times the present. Specifically, Japan is about 10 billion yen, about $5 billion overseas. In addition, the 2012 annual sales of LED lighting business strive to reach 30 billion yen. Matsushita Electric also strive to LED business in the proportion of overall sales, to 2012 for the current increase of about 5 times, reaching up to 10%. To this end, will reduce the cost of procurement of LED chips, etc., to strengthen the cost competitiveness.

Source: Nikkei BP