Panasonic Healthcare Indonesia Upbeat Over Export Opportunities
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Panasonic Healthcare Indonesia, a local producer of equipment used in the health care industry, has set a target to increase sales by 70 percent over the next four years on the back of growing exports.
The company, which is a subsidiary of the Japanese business group, eyes $88 million in sales by 2020, up from $51 million last year, it said in a statement on Thursday (19/05).
Panasonic Healthcare also seeks to increase its workforce to 799 from 611 currently during the same period to raise production on blood glucose monitors, medical imaging monitors, dental intraoral cameras, heated incubators, and ultra-low temperature freezers.
Parent company Panasonic Healthcare Holdings has acquired Bayer Diabetes Care, a leading global producer of blood glucose monitoring systems, earlier this year. The acquisition has opened more opportunities for the local unit to tap offshore markets.
“Panasonic Healthcare Indonesia has great potential to increase exports,” the company said in a statement.
Exports currently account for 88 percent of the company’s sales.
Gobel International, which is controlled by former trade minister Rahmat Gobel, has a 5 percent stake in Panasonic Healthcare.
Questions & Answers
Q.What is the sales target Panasonic Healthcare Indonesia aims to achieve and by when?
What is the sales target Panasonic Healthcare Indonesia aims to achieve and by when?
The company aims to increase sales to $88 million by 2020. This represents a 70 percent increase from its $51 million sales figure last year, driven by growing exports.
Q.How will Panasonic Healthcare Indonesia expand its workforce to meet increased production demands?
How will Panasonic Healthcare Indonesia expand its workforce to meet increased production demands?
Panasonic Healthcare Indonesia plans to increase its workforce from the current 611 to 799 during the same four-year period. This expansion is to support higher production of various medical equipment.
Q.What impact has the acquisition of Bayer Diabetes Care had on Panasonic Healthcare Indonesia?
What impact has the acquisition of Bayer Diabetes Care had on Panasonic Healthcare Indonesia?
The acquisition of Bayer Diabetes Care by the parent company has created new opportunities for the Indonesian unit. It enables the local business to access more offshore markets for its products.
Q.Which company holds a stake in Panasonic Healthcare Indonesia?
Which company holds a stake in Panasonic Healthcare Indonesia?
Gobel International, controlled by former trade minister Rahmat Gobel, holds a 5 percent stake in Panasonic Healthcare. Exports currently make up 88 percent of the company’s total sales.
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