0917 Anti Japan Protest 630x420 Panasonic facilities damaged in China from anti Japan protests

Panasonic has reported damage to its Chinese facilities following violent anti-Japan protests in the country, which affected a large number of Japanese technology firms.

Panasonic has reported damage to its Chinese facilities following violent anti-Japan protests in the country, which affected a large number of Japanese technology firms.

 
The company revealed that its Qingdao factory, which makes switches and other electronic components, sustained damage to the building and equipment, leaving it inoperable for the time being while Panasonic attempts to ensure safety concerns are addressed before reopening.
 
The Suzhou factory, which makes printed-circuit board materials and printed-circuit boards, was also damaged, but it was on a more minor scale, so production was not overly affected. This facility reopened on 17 September.
 
The Zhuhai factory, which makes fixed-line phones, is preparing to restart operation. It does not appear that there was any damage here, but workers stayed at home, likely fearful for their safety, after 10 Chinese employees joined the protest.
 
0917 Anti Japan Protest 630x420 Panasonic facilities damaged in China from anti Japan protests
 
The anti-Japan sentiment is the result of a dispute over a group of uninhabited islands, called Senkaku by the Japanese and Diaoyu by the Chinese, which both countries claim are in their territory. The islands are both symbolic of long-standing tensions between Japan and China and also bear potentially monumental value, with belief that large gas reserves can be found in the area.
 
Japan bought the islands recently, prompting widespread anger in China, which has led to violent clashes in some cases and the suspension of operation at many Japanese companies, including computer and car firms.
 
Panasonic is uncertain about the effect the damage and temporary closures will have on its business outlook. It said it will make an announcement if there is a significant impact on its finances for its fiscal year.
 
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