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Panasonic to move appliance production from Thailand to Vietnam

Factory near Bangkok will be shuttered in cost-cutting effort

Panasonic aims to cut $930 million in costs by the year ending March 2022.   © Reuters

OSAKA -- Panasonic will shut down a large appliance factory outside Bangkok as early as this fall and consolidate production to a larger facility in Vietnam for greater efficiency, Nikkei has learned.

The Thai plant will stop producing washing machines in September and refrigerators in October. The building itself will be closed by March 2021, and a neighboring research and development centered will be shuttered as well.

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