Panasonic has decided to withdraw from the business of producing and selling dry batteries for home use in Europe.
With increasing environmental awareness, the demand for disposable batteries is sluggish in Europe, so the aim is to accelerate selection and concentration.
According to the announcement, Panasonic will be responsible for selling batteries throughout Europe, with two dry cell plants in Belgium and Poland, and a Belgian-based company that sells batteries throughout Europe. In June, the German investment company Aurelius Group Will be sold to.
Although the sale price has not been announced, it is estimated to be in the billions of yen, and the company will withdraw from the business of producing and selling dry batteries for home use in Europe.
Panasonic is a world leader in dry batteries, with sales in Europe of approximately 30 billion yen, accounting for more than 10% of the company's total dry battery business.
However, in Europe, the demand for disposable batteries has been sluggish due to the growing environmental awareness of the citizens, so they decided to withdraw because they had little growth potential.
As a company, we will accelerate selection and concentration, continue to invest in the dry battery business in Asia and Latin America, where demand is expected in the future, and consider building a battery factory for electric vehicles in Europe.