Panasonic opens its first TV manufacturing plant in Egypt

INVESTMENT WATCH- Panasonic opened its first TV manufacturing plant in Egypt, Trade Arabia reports. The company is planning to produce over 16k LED television sets this year in partnership with the Arab Company for Electrical Equipment. “The Egyptian market is one of the most promising markets in the North Africa region. It is also well-positioned, both geographically and logistically, to serve the whole [MENA] region,” Daizo Ito, managing executive officer for Panasonic Corporation, said.