Royal Philips Electronics
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.’
Philips Lighting is focusing on the power LED market, which has an expected annual growth of 25% over the coming years. The Luxeon range of power LEDs matches the brightness of conventional light sources and for the first time, makes it possible to replace incandescent, halogen and fluorescent bulbs in many products with smaller, longer-lasting and more energy efficient LEDs.
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