Panasonic Corp will invest RM1.85 BL in its latest solar manufacturing facility in Kulim Hi-Tech Park (KHTP). The company will be leasing a 60-acre site from KHTP for the facility. According to sources, Panasonic is now negotiating to finalise the lease payment, which will be a one time payment to lease the land for 60 years and an option to renew it for a further 39 years. Panasonic will start construction of the facility as soon as possible as it plans for the plant to begin operations in December 2012, with an annual production capacity of 300MW.
Origin
Unknown
Journal Title
Asian Glass Jan/2012 12
Sector
Flat glass
Class
F 3210