PANAMY

18.180

(%)

OTHERS PANASONIC MANUFACTURING MALAYSIA BERHAD ("Company") Clarification on article titled "Panasonic Malaysia's cost-optimisation to augur well" which appeared in the the Star newspaper on 15 January 2021

PANASONIC MANUFACTURING MALAYSIA BERHAD

Type Announcement
Subject OTHERS
Description
PANASONIC MANUFACTURING MALAYSIA BERHAD ("Company")
Clarification on article titled "Panasonic Malaysia's cost-optimisation to augur well" which appeared in the the Star newspaper on 15 January 2021

Reference is made to the article entitled “Panasonic Malaysia’s cost-optimisation to augur well” on the Business section of the Star newspaper today and the Company wishes to make clarification on the following statements made in the article.

 

  1. On the statement "In the long run, it is noted that PMM’s (Panasonic Manufacturing Malaysia Berhad) profitability could improve on the back of additional capacity from the new factory at SA2, which would reduce the company’s reliance on external contractors by close to 50%.", the Company wishes to clarify that the  new building will increase the injection molding activity of the fan segment and not the general overall capacity of the Company.
  2. On the statement "For instance, it plans to export more fans to Vietnam, as the economy is unscathed from the pandemic.", the Company wishes to clarify that the Company plans to export more products to Vietnam (not specific to fans only) as the economy in Vietnam is unscathed from the pandemic.

This announcement is dated 15 January 2021.






Announcement Info

Company Name PANASONIC MANUFACTURING MALAYSIA BERHAD
Stock Name PANAMY
Date Announced 15 Jan 2021
Category General Announcement for PLC
Reference Number GA1-15012021-00036