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News 15

Panasonic confirm £2m investment in Cardiff

A new fuel cell research and development centre is to be created in Cardiff as part of a £2m investment by Panasonic.

The move was part of a package of £200m of deals announced yesterday as Prime Minister David Cameron visited Japan.

It is unclear how many jobs will be created, although the significance of the announcement comes from the company developing its latest technologies in Wales rather than in terms of headcount.

Despite the UK Government announcement of the investment yesterday, the Panasonic Europe press office was unable to provide any specifics of what was planned in Cardiff, with a spokeswoman saying it was awaiting details from Japan.

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