Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Philips to Set Up LED Plant in Singapore
Sep 5, 2006
 Printable format
 Email this Article
 Search

Dutch electronics giant Philips says it will set up a hi-tech light emitting diode, or LED, production plant in Singapore. This will be its first LED manufacturing facility in Asia.

Philips expects the new plant to create 900 new jobs and help double its total LED output by 2007.

Philips is keen to consolidate its leadership position in the global LED market which is worth U.S. $5 billion in annual sales and growing at an average rate of 25 percent per year.

It has revealed plans to take over a vacant Maxtor plant in Singapore and has already scheduled production to begin by early 2007.

Mourad Mankarios, CEO, Philips Electronics Singapore, said: "It was a factor in being able to be up and running in a shorter period than if we had to get a piece of land and build a plant and do all sorts of things. So that was the contributor and a very key contributor in the decision making process."

The company declined to detail the size of the Singapore investment, but says it is significant and will help to double the group's LED output.

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows