24 August 2012

Philips Holds Groundbreaking Ceremony for LED Manufacturing Facility in Chengdu, China

Chengdu, China – 24 August 2012 - Philips (China) Investment Co., Ltd held the groundbreaking ceremony for its LED Professional Lighting Solutions manufacturing facility in Chengdu High-tech Industrial Development Zone, which marks the bilateral cooperation between Philips and Chengdu following the LED strategic cooperation agreement made end 2011. 

At the ceremony, Jing Gang, Member of Standing Committee of Chengdu CPC extended his congratulations to the groundbreaking of the project on behalf of Chengdu City and the Zone. “Philips is one of the largest electronics companies in the world. Since we signed a strategic cooperation agreement last year, our bilateral cooperation has been moving forward. Today, after Philips announced to establish its second headquarters of China in Chengdu High-tech Industrial Development Zone, Philips further developed its LED Professional Lighting Solutions application and manufacturing projects in Chengdu. This way, they are showing the company’s full confidence in the future of Chengdu and sharing their forward-looking strategy”. And Jing Gang remarked that the project will inject a new momentum into local efforts to build a world-class electronics and information industrial base, and bring the city’s industries to a higher level and enhance the city’s capabilities for sustainable development. The High-tech zone will continue to support the business of Philips in Chengdu and provide quality service to the project for advanced production. 

Tommy Leong, President of Philips Lighting Greater China thanked Chengdu Municipal Government for its full support in the early-stage preparation period. He said that Chengdu as Philips’ second headquarters in China, is an important Economic and Cultural Center in the West Region, with its unique advantages in developing high-tech industries and advanced manufacturing industry. Philips will leverage Chengdu’s stimulating role in the Western Area by using its strong innovation, application and customization capabilities in LED lighting resulting in a faster and better service to Western and China’s customers. 

Philips will build a fully integrated LED Professional Lighting Solutions manufacturing site to optimize the allocation of resources including production, warehousing, and logistics. It is expected that the site will start production in 2013. 

Apart from the LED manufacturing site, Philips is going to set up a 10,000sqm Lighting Application Center, which will be the largest lighting application center in Asia and is also the latest and most advanced one in the world. 

As a global leader in lighting industry, Philips also is number one in terms of market share and brand value in China. As the lighting industry is transforming from traditional lighting to LED lighting, Philips keeps its leading position by integrating and optimizing the value chain. 

Royal Philips Electronics (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2011 sales of EUR 22.6 billion and employs approximately 122,000 employees with sales and services in more than 100 countries. 

Source: Philips