Japan’s electronics giant, Panasonic has established an assembly plant in Lagos to complement its manufacturing plant in India.
According to a statement by Shinichi Wakita, the Managing Director of Panasonic, Middle East and Africa, the company will be extending the manufacturing of its air-conditioners and Television sets to the shores of Nigeria.
He noted that the company is making this commitment in partnership with SIMS Nigeria Limited, an electronics and home appliances marketing/distribution company in Lagos.
“As a contribution towards the society which is based on our basic business philosophy, we are establishing our local manufacturing unit for air-conditioners and TVs in Lagos. We believe this will make a small contribution towards job creation and the economy of Nigeria.
“Africa is one of the fastest growing economies with a rising consumer class; setting up this manufacturing base in Nigeria is our strategy to deal with the business challenges in this market. We will be working closely with the Nigerian population with an aim to provide products which are ‘locally-fit’ and in accordance with their demands,” he said.
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