On 10 October 2018, Panasonic AVC Networks Czech commenced production of air-to-water (A2W) heat pumps at its plant in Plzeň, which thus became the company’s first European facility to manufacture these heat pumps. According to the head of Panasonic Europe, Laurent Abadie, the company will manufacture up to 20,000 units in the first year and intends to gradually increase annual production to 40,000 heat pumps. Demand for renewable sources of energy is rising over the long term in Europe. Thanks to the new production line, the company will be able to meet that demand without any problems.
“Panasonic was one of the first major foreign investors to enter the Czech Republic and the very first major Japanese investor. The company’s project became a sort of milestone and opened the door to a number of other Japanese investors,” said Josef Lébl, co-founder of CzechInvest and advisor to the agency’s current CEO, recalling Panasonic’s beginnings in Czech Republic while attending the opening of the production line. A total of 255 Japanese companies, including 106 manufacturing firms, currently operate in the Czech Republic. Japan is the second-biggest foreign investor in the country behind Germany in terms of the total value of projects arranged by CzechInvest.
Panasonic’s Czech branch, Panasonic AVC Networks Czech Plzeň, is the biggest exporter in the Plzeň region. The company has a second manufacturing plant in Pardubice. This year Panasonic is celebrating the 100th anniversary of its establishment. It has 91 subsidiaries and 495 affiliated companies around the world.