Panasonic (PC) plans to build a new factory in Europe with the capability to produce as many as...

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

Panasonic (PC) plans to build a new factory in Europe with the capability to produce as many as a millions washing machines and refrigerators a year. An exec with the company says the move is designed to help Panasonic meet growing demand in regional markets such as Russia and help it take on rivals Whirlpool (WHR) and LG Electronics (LGEAF.PK).