Tuesday, October 07 - 2008

Panasonic looks to the future after another successful year cooling the GCC

Panasonic Marketing Middle East has announced whopping record sales with an increase of up to 200% during 2007.

  • United Arab Emirates: Thursday, February 21 - 2008 at 11:01
  • PRESS RELEASE


Left to right - Dr. Michael Loubser, Asthma and Child Care Specialist; Shaun Sullivan, General Manager, Al Futtaim Panatech; Maushum Basu, Group Product Manager, Al Futtaim Panatech; Masahisa Miyazaki, General Manager, Panasonic Marketing Middle East; Abby Thomas, Product Manager, Panasonic Marketing Middle East.
Left to right - Dr. Michael Loubser, Asthma and Child Care Specialist; Shaun Sullivan, General Manager, Al Futtaim Panatech; Maushum Basu, Group Product Manager, Al Futtaim Panatech; Masahisa Miyazaki, General Manager, Panasonic Marketing Middle East; Abby Thomas, Product Manager, Panasonic Marketing Middle East.

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Every member of the GCC saw Panasonic's Air-conditioner sales increase from between 120% in Kuwait to 200 percent in Iran.

The UAE saw Panasonic increase sales by 130%, while Oman saw a 165% jump in sales on 2006.

Across the entire GCC region, Panasonic experienced a 124% increase over the last year resulting in a 12% share of the total air-conditioning market.

Abby Thomas, Product Manager, Panasonic Marketing Middle East says that these increases are a direct result of Panasonic expanding its line up and introducing new products into the market.

'We've been able to reach out to more businesses and markets due to the larger capacity of some of our new air-conditioning units,' he said.

'The 124%t sales increase in the GCC makes us the fourth largest supplier of air-conditioning units in terms of market share for the Split Category. In 2008 we hope to increase these figures further to place us at number three, which would mean a 15% market share.'



To facilitate Panasonic's planned market share capture, Thomas says the up coming e-ion Air Purification system release will be a major factor.

The e-ion Air Purification System is the first of its kind in the industry and is designed specifically for the GCC market. It provides air purifying capability proven to be 10% better than any other air-con unit currently available.

The increasing effects of Global Warming on this region have led to the product development of these air-con units, to make them highly efficient even at extreme temperatures of 55 degree Celsius.

'The new system is the most energy efficient on the market and features a compressor designed to withstand the extreme climatic conditions that are so prevalent in this part of the world,' says Thomas. 'This combination of efficiency, purification with cooling makes for one of our unique selling points that will contribute to Panasonic's growing presence in the air-conditioning market.'




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Notes and media contacts

Best known by its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of US$77.19 billion for the year ended March 31, 2007. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:MC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net.

Panasonic Gulf FZE (PGF) is MEI's first subsidiary company in the Middle East, followed by Panasonic Marketing Middle East FZE (PMM), which is the regional marketing headquarters of MEI for operations in the Middle East and African countries.

For further information, please contact:
Ajit Nair
Corporate Communications Department
Panasonic Marketing Middle East FZE
P.O.Box 17985, Jebel Ali, Dubai, UAE
Tel: +971 4 8819880
Fax: +971 4 8814311

OR

Nick Langmead
Senior Consultant
Cicero & Bernay Public Relations
Phone: +971 4 334 2966
Fax: +971 4 334 2977
Mobile: +971 50 884 7764
www.cbpr.ae
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Thursday, February 21 - 2008 at 11:01 UAE local time (GMT+4)

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