Panasonic integrates welding solutions, SMT machine into ‘Smart Factory’ biz

Technology firm Panasonic on Wednesday said that it has integrated its welding solutions and surface mount technology (SMT) machine business into a single division that will be known as Smart Factory Solutions.

The company told BusinessLine that it is targeting a revenue of ₹1,000 crore in India from the Smart Factory Solutions in three years, which can make up 7-7.5 per cent of its total India revenue.

This integration will enable Panasonic to provide end-to-end solutions to its customers seamlessly.

“In the year gone past, we have grown our SMT machine business more than four times. The need for these kind of machines will continue to expand,” said Manish Sharma, President and CEO, Panasonic India.