Thailand: Panasonic brand owner Matsushita Electric Industrial announces growth strategies.

(From Thai Press Reports)

Section: Corporate News - Company faces some hard challenges from higher costs for oil and raw materials, The Nation reports.

Japan's Matsushita Electric Industrial, best known for its Panasonic brand of consumer electronics and digital communications products, has announced growth strategies for next year aimed at overcoming worldwide challenges like rising costs of oil and raw materials and currency-exchange risks arising from trade and budget deficits in the US.

President Fumio Ohtsubo said that under the conditions expected next year, the consumer-electronics industry as a whole was unlikely to grow substantially. Also, competition in high-growth markets is expected to intensify, as consumer …