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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.

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