Japan-based Panasonic, whose corporate name was officially changed from Matsushita Electric Industrial to Panasonic in October, disclosed on October 7 a 94 billion Yen (US$949.87 million; US$1= Yen) plan to build a new plant manufacturing image sensors for use in digital cameras and medical equipment, according to Agence France-Presse. Estimated to cover an area of about 11,000 square meters, Panasonic's new manufacturing facility will be located adjacent to the company's existing image sensor plant in Toyama Prefecture. Further details are not yet available.