Refractories Import

Panasonic is exiting from the refrigerator and washing machine segments in India, as part of global restructuring of business by the Japanese appliances and consumer electronics major. Both the refrigerator and washing machine segments were a loss-making businesses for Panasonic in India, where it was struggling to make a space in the market. According to GFK numbers, Panasonic has a very low market share in both refrigerators and washing machine segments. In washing machines, its share was 1.8 per cent and it was 0.8 per cent for refrigerators. In both the segments, Panasonic was reporting losses in sales over the last six years. When contacted, Panasonic Life Solutions India spokesperson in a statement said this is in line with its global strategy. "In line with our global strategy and evolving market dynamics, Panasonic in India is rebuilding operations to focus on future-ready growth segments such as Home Automation, Heating Ventilation & Cooling (HVAC), and B2B solutions, ...

The steel sector is the major consumer of refractories