As among the first lighting manufacturer in the Chinese market, Philips has the advantage of China's development of LED industry seems equally clear.
The latest example comes from Philips, which announced on December 15, 2015 from the total planned investment of more than 25 million euros invested in the construction of the Chengdu Hi-tech Zone of professional LED light product project.
Early this year, Philips has just announced another "local market" of strategic planning in China. As the important implementation of this strategy one of the measures announced in June this year, Philips set up its regional headquarters in China's second-tech Development Zone in Chengdu.
"We will build closer to the local business model, better service the Midwest, then in the Chinese market to achieve greater success." Philips, executive vice president, Greater China CEO tetrachloride said.
Headquartered in the Netherlands, Philips business areas include lighting, health care and quality of life. In these three operations, by Philips, which started the lighting business accounts for about 40% of its total sales, of which, another 10% of the contribution from China.
In 2010, Philips' overall performance in China increased by more than 20%, surpassed Germany as the Philips in the world's second largest market after the United States. In China, business, LED street lighting, rapid growth.
"State Government for the entire LED industry is very strong support of the industry played a significant role. And the process of urbanization in China, but also accelerated the development of LED light industry." Tommy Leong said.
Topology Research Institute in 2012, mainland China LED lighting market will achieve a large outbreak, the market will grow from $ 2.8 billion in 2011, a substantial increase to 80 billion U.S. dollars, an increase of 185%. The second half of 2012, penetration rate of China LED lighting will exceed 30% to 31%.
For being in a "downturn" of Philips, this is clearly a market can not be missed. In fact, Philips has just released third quarter earnings reported its third-quarter net profit from last year's € 524 million fell to 76 million euros, up 85% plunge; revenue from last year's € 5.46 billion decline in to 5.394 billion euros.
The latest example comes from Philips, which announced on December 15, 2015 from the total planned investment of more than 25 million euros invested in the construction of the Chengdu Hi-tech Zone of professional LED light product project.
Early this year, Philips has just announced another "local market" of strategic planning in China. As the important implementation of this strategy one of the measures announced in June this year, Philips set up its regional headquarters in China's second-tech Development Zone in Chengdu.
"We will build closer to the local business model, better service the Midwest, then in the Chinese market to achieve greater success." Philips, executive vice president, Greater China CEO tetrachloride said.
Headquartered in the Netherlands, Philips business areas include lighting, health care and quality of life. In these three operations, by Philips, which started the lighting business accounts for about 40% of its total sales, of which, another 10% of the contribution from China.
In 2010, Philips' overall performance in China increased by more than 20%, surpassed Germany as the Philips in the world's second largest market after the United States. In China, business, LED street lighting, rapid growth.
"State Government for the entire LED industry is very strong support of the industry played a significant role. And the process of urbanization in China, but also accelerated the development of LED light industry." Tommy Leong said.
Topology Research Institute in 2012, mainland China LED lighting market will achieve a large outbreak, the market will grow from $ 2.8 billion in 2011, a substantial increase to 80 billion U.S. dollars, an increase of 185%. The second half of 2012, penetration rate of China LED lighting will exceed 30% to 31%.
For being in a "downturn" of Philips, this is clearly a market can not be missed. In fact, Philips has just released third quarter earnings reported its third-quarter net profit from last year's € 524 million fell to 76 million euros, up 85% plunge; revenue from last year's € 5.46 billion decline in to 5.394 billion euros.
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