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Panasonic cranks up AC business with $870m investment in 5 years

Japanese manufacturer to lean on disinfecting tech and energy efficiency

Panasonic faces tough competition in the global AC market.   © Kyodo

OSAKA -- Panasonic will invest 100 billion yen ($867 million) in the air conditioning business over five years, looking to capitalize on growing interest in AC systems fueled by the coronavirus pandemic.

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