Japanese group shifts focus to household products as competition grows
DALIAN, China -- Japan's Panasonic Holdings will unload another Chinese commercial refrigeration company as early as this month in a pivot toward the consumer market in China. Refrigerating Motor Compressor
The manufacturer will sell its entire stake in Panasonic Appliances Cold Chain to local partner Dalian Bingshan Group for about 100 million yuan ($14.5 million), an official in charge of Panasonic's Chinese operations said.
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