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MEW opens subsidiary in China

Posted: 22 Dec 2006     Print Version  Bookmark and Share

Keywords:MEW  Matsushita  PCB  multilayer PCB  XXX 

To further expand its production capabilities, Matsushita Electric Works Ltd (MEW) opened another subsidiary in Suzhou, China—Panasonic Electric Works Electronic Materials (Suzhou) Co. Ltd. The facility will manufacture multilayer PCB materials and is expected to increase MEW's output of laminates by 24 lakh m² per year.

The new company is the second laminate facility of MEW—next to the one in Guangzhou—and its 18th manufacturing subsidiary on mainland China. MEW's Electronic and Plastic Materials Division has been running three facilities in the country which include the paper phenol CCL plant and PCB plant in Suzhou, as well as the encapsulation materials facility in Shanghai.

MEW forecasts a huge market potential for its halogen-free materials and also plans to expand the segment's production. The company targets annual sales jump in its Electronic and Plastic Materials business from the present Rs.656.49 crore ($144.22 million) to Rs.926.83 crore ($203.61 million) by 2010.

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