Press Release | December 2015
Anchor expands manufacturing capacity in India
Anchor Electricals, a wholly owned subsidiary of Panasonic Corporation, commenced with the ground breaking ceremony at its new manufacturing facility at Haridwar. This new manufacturing unit set up with an initial investment of about Rs 150 crore, will produce a complete range of wiring devices.
The ceremony was conducted by the top company officials of Panasonic Corporation Eco Solutions Company including Vice President Shuuji Okayama, Managing Director Kazuhiko Ito, and the top Management of Anchor including Managing Director Takaki Oguri for a new greenfield building to be commissioned on the said premises, by end of 2016.
With the new unit the company would scale up its present capacity as per the planned phase wise expansion.
Takaki Oguri, Managing Director, Anchor Electricals said, ´India is one of Panasonic´s key strategic markets and the new manufacturing unit in Haridwar is an important part of our growth strategy in India and other countries in the region.´