Philips lights up Singapore

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Royal Philips Electronics announced today that it is setting up a high power LED production facility in Singapore, creating 900 new jobs.

announced today it will invest in the creation of a high power LED production facility in

.

Initial production is expected to start in 2007, ramping up to double Philips' total power LED production capacity by the end of 2007.

According to a statement, the investment is part of Philips Lighting's strategy to strengthen its leadership position in the fast growing and rapidly emerging power LED market. The plant will be a high volume production facility for the Luxeon range of LEDs, employing about 900 people at full capacity. The LEDs are used in civic lighting, LCD displays, camera flash for mobile phones, automotive applications and other applications.

Theo van Deursen, CEO of Philips Lighting and member of Philips' Board of Management, comments: ‘This investment will not only double the production capacity of our power LEDs in the next year and strengthen our number one position in this field, it will also significantly increase efficiency, supporting our aim for profitable growth.’

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