Panasonic to build solar panel hide in the sphere of Malaysia

Panasonic Corp command invest having the status of much having the status of 50 billion longing ($645 million) to build a solar laptop battery panel hide in the sphere of Malaysia, its basic such service overseas, having the status of a hot longing pushes up production overheads by the side of mother country, two industry sources told Reuters.

The fixed, which has been touting environmental and energy expertise having the status of means growth areas, dropped a table to convert a television panel hide in the sphere of Western Japan into a solar power factory in the sphere of October for the reason that of the rising longing and an industry value war.

The Malaysia hide command start production in the sphere of the economic time preliminary subsequently April and bolster the company's solar output office by 50 percent to approximately 900 MW, the sources thought.

The company strategy both production of solar cells and congregation of solar panels by the side of the hide, the laptop battery sources thought.

Panasonic declined to confirm the table. "We command announce details of our solar panel growth strategy by the side of the appropriate count," thought company spokesman Akira Kadota.

Competition surrounded by Japan's large solar panel makers, plus critical Corp and Kyocera Corp, is increasing having the status of they look to compete with rivals overseas.

By the side of the same count demand on behalf of solar panels is likely to slump in the sphere of Europe due to cuts in the sphere of government funding.

Sales of solar cells in the sphere of Japan rose 28.7 percent in the sphere of the July-September quarter from the same era a time earlier, slowing on behalf of the seventh straight quarter. Solar panel exports from Japan fell 11.3 percent in the sphere of the same era.

Shares in the sphere of Panasonic laptop battery, which is forecasting its biggest loss in the sphere of a decade on behalf of the time to protest 2012, were down 1.7 percent by the side of 680 longing by primitive afternoon trade on Friday, compared with a 1.3 percent fall in the sphere of the Nikkei common.