Panasonic to invest €145m in Czech heat pump plant
CZECH REPUBLIC: Panasonic has said it intends to invest around €145m to boost heat pump production at its factory in the Czech Republic to 500,000 units by the end of March 2026.
Panasonic started the production of air-to-water indoor units with one line at its TV factory in Plzen, in 2018. Extra capacity for heat pump production has been created by Panasonic’s decision last year to cease TV production at the plant due to falling demand.
It will, however, continue to produce video products, such as Blu-ray players, at the plant which it first established in 1996.
The new investment will enable Panasonic to start the production of outdoor units in addition to its indoor units.
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