Panasonic to close its solar cell and module manufacturing business
Japanese electronics company, Panasonic Corporation has announced that it will look to shut down the production capacity for solar products at its facilities in Malaysia and Japan by the end of the financial year 2022. The company currently manufactures solar wafers, cells, and modules at its facility in Malaysia. It will look to liquidate its subsidiary, Panasonic Solar Energy Malaysia, and lay off its employees by March 2022.
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