Joint Venture4 Oct 2024, 03:28 am
EPACK Durable Ltd Enters Manufacturing Tie-Up with Panasonic Life Solutions India for RAC Components
AI Summary
EPACK Durable Ltd, a leading player in the Indian air conditioning industry, has entered into a manufacturing tie-up with Panasonic Life Solutions India Private Limited. The arrangement is for the manufacturing of Printed Circuit Board Assembly (PCBA) Controllers as EMS (Electronic manufacturing service provider) and high-tech critical components for Room Air Conditioners (RACs) for Panasonic. This strategic move is expected to enhance EPACK's capacity utilization, set new standards in manufacturing excellence, and provide a significant boost to its EMS business.
Key Highlights
- EPACK forays into EMS business with Panasonic
- Advanced manufacturing facilities at Bhiwadi and Sricity to manufacture PCBA Controllers and critical components for Panasonic's RACs
- Components fall under the PLI scheme of Govt. of India
- Game-changing opportunity for EPACK to amplify its footprint in the EMS sector
- Strategic investment in PCBA assembly to meet current demands and set the stage for expansive growth