On September 28, 2016, Panasonic Refrigeration Systems (Dalian) Co., Ltd. held an opening ceremony, marking the official launch of a new leading enterprise in the refrigerant business that integrates the strengths and resources of both BingShan and Panasonic Electric in the heating and cooling sectors, thereby laying a solid foundation for achieving new heights in the company’s development. Zhang Shikun, a member of the Standing Committee of the Municipal Party Committee and Director of the Management Committee of the Jinpu New Area, attended the event and unveiled the plaque commemorating the opening of the new plant. Mr. Liu Dechun, Deputy Secretary of the Party Working Committee of the Jinpu New Area and Director of the Management Committee of the Dalian Development Zone, delivered a speech at the ceremony. Ji Zhijian, Chairman of the BingShan Group, and Tetsuro Honma, Chairman of Panasonic Appliances (China) Co., Ltd., extended their congratulations on the establishment of the new company. Also in attendance were Fan Wen, Vice President of the BingShan Group and Chairman of Panasonic Refrigeration; Yin Xide, General Manager of Panasonic Refrigeration; Qin Yuming, Secretary-General of the Cold Chain Logistics Committee of the China Federation of Logistics and Purchasing; Jin Jiawei, President of the Chinese Society of Refrigeration; as well as representatives of Panasonic Refrigeration’s customers.

In 2016, Bing Shan Group and Panasonic Appliances (China) Co., Ltd., in response to China’s economic development and the evolving demands of the refrigeration industry, integrated the strengths of two group entities—the Low-Temperature Logistics Division of Panasonic Cold Chain (Dalian) Co., Ltd. and the Refrigeration Compressor Division of Panasonic Compressor (Dalian) Co., Ltd.—to jointly establish Panasonic Refrigeration Systems (Dalian) Co., Ltd., thereby building a truly B2B cold and refrigeration business. The newly established company has reinvested RMB 315 million on top of its existing leading operations to further enhance and strengthen this new business. Going forward, the company will focus on delivering comprehensive heating and cooling solutions to customers; by integrating resources and driving technological innovation, it aims to become China’s strongest and largest provider of such solutions. It will also contribute to sustainable social development by adopting mainstream eco-friendly refrigerants—including new-generation refrigerants and CO2—to protect the environment; by reducing product spoilage and elevating food safety standards, it will deliver higher-quality services to customers; and by leveraging technologies such as heat pumps to enable secondary energy utilization and improve energy efficiency, it will continuously create new value for customers and make ever-greater contributions to the advancement of China’s heating and cooling sector.

The new company’s product portfolio comprises nine major series and 18 product categories, totaling more than 800 models. These include rotary compressors, hermetic scroll compressors, semi-hermetic reciprocating compressors, large parallel-unit central chillers, fixed-frequency screw units, and variable-frequency screw units, among others. The products will be widely deployed across a broad range of market segments, including aquatic-product storage and processing, deep processing and cold storage of meat, dairy processing and refrigeration, juice freeze-drying, integrated logistics, industrial cooling, chemical applications, biopharmaceuticals, marine equipment, and low-temperature environment simulation. In addition, the new company has inherited the original company’s extensive array of certifications, including China’s CCC mandatory certification, CQC quality certification, U.S. UL certification, European TÜV, VDE, and CE certifications, as well as Japan’s “Certificate of Compliance with Design Strength Verification Tests.” Concurrently, the new company will establish seven regional marketing centers—covering Northeast, North China, East China, Central China, South China, Northwest China, and Southwest China—and build a sales network that spans key regions in dozens of provinces and municipalities nationwide, thereby providing robust support and assurance for the company’s growth.

On the day of its establishment, Panasonic Refrigeration Co., Ltd. also formally signed an agreement with the Refrigerator and Air-Conditioner Components Division of Panasonic Corporation’s AP Business Unit, under which Panasonic’s CO2 technology will be officially introduced into the Chinese market through Panasonic Refrigeration. The company will leverage cutting-edge technologies to manufacture outdoor, DC-inverter (DC INV) air-cooled condensing units equipped with Panasonic’s CO2 transcritical two-stage compressors. This new model delivers a 25.4% improvement in cooling efficiency compared with conventional refrigerant-based systems, marking a major milestone for China’s entire refrigeration industry and drawing significant attention from numerous experts at leading refrigeration design institutes as well as end-users. The introduction of Panasonic’s CO2 technology not only offers substantial economic benefits but also delivers broad social advantages, making it of great significance to China’s refrigeration sector. Moving forward, Panasonic Refrigeration will focus on “energy efficiency” and “reducing the GWP of refrigerants” as its two core priorities, vigorously promoting energy-saving and environmentally friendly chillers across a wide range of applications based on new refrigerants. The company will extend its core technologies in energy conservation and environmental protection to all segments of the food distribution industry and export its products to markets around the world.

The new company will regard technological innovation as the primary driving force behind its development, leveraging distinctive product advantages, robust design capabilities, a sophisticated sales network, uncompromising engineering quality, and a comprehensive after-sales service system. Upholding the philosophy of “creating value for customers, shareholders, employees, and society,” and embracing the responsibility that “a company is a public instrument of society,” the company is committed to fully achieving its 2020 sales targets and striving to become a global leader in green, intelligent cold-chain solutions across Asia and worldwide.