Thu, 15 Apr 2010

Jakarta (ANTARA News/Asia Pulse) - Japan's electronic giant Panasonic Corp. (TSE: 6752) plans to move its audio digital factory from China to Indonesia this year.

Labor costs in China are no longer competitive, says Rinaldi Sjarif, the vice president of Panasonic's Indonesian unit, PT Panasonic Gobel Indonesia.

The principal has decided to move its production operation from China to Indonesia as production costs are cheaper in the country, Rinaldi said.