On May 12th, Dongyang Debang Lighting Co., Ltd., jointly invested by Hengdian Debang Electronics Co., Ltd., a leading domestic energy-saving lamp R&D and manufacturing company, and Philips, the global leader in energy-saving lighting, held a signing ceremony in Dongyang Hengdian Electronic Industrial Park. . Xu Wencai, director and vice president of Hengdian Group, director and vice president Hu Tiangao, director and president assistant Ren Lirong, Philips Lighting Asia Pacific Chief Financial Officer Lin Liangqi and Philips Lighting Group Vice President Aima Xi attended the signing ceremony. The new joint venture will produce a full line of compact fluorescent lamps (energy-saving lamps). In the joint venture, Hengdian Debang holds 75% of the shares, and Philips holds 25% of the shares. At present, the global market for compact fluorescent lamps is estimated to grow by 18%-20% per year.
As the Asia-Pacific region has become the world's largest energy consumer, the search for effective energy solutions has become an urgent requirement in many countries, including China, and lighting energy conservation is an effective way. At present, China's lighting power accounts for 12% of the country's total electricity consumption. With the same brightness, Philips compact fluorescent lamps save up to 80% in energy consumption compared to traditional Philips incandescent lamps. At the same time as cost savings, it can also achieve the goal of reducing considerable carbon dioxide emissions.
Xu Wencai, director and vice president of Hengdian Group, is quite optimistic about the future development prospects of Dongyang Debang. He believes that Philips' global leadership in energy-efficient lighting solutions is the main reason for this collaboration. The establishment of the joint venture company will promote a win-win situation for both parties and accelerate the development of the energy-saving lighting market.
Continued tensions in the energy situation and the power to save energy and reduce emissions will drive demand for energy-efficient lighting products and solutions. After the merger of the two resources, we will be able to provide high-quality compact fluorescent products at reasonable prices and accelerate the development of our global new product market. Emma, ​​Vice President of Philips Lighting Group, commented on this.
About Royal Philips, the Netherlands
Royal Philips Electronics of the Netherlands is a global leader in the field of medical warship lighting and quality of life. Through a brand commitment that is focused on simplicity, the company provides people-oriented, innovative products, services and solutions. Headquartered in the Netherlands, Philips has approximately 134,200 employees in more than 60 countries and its 2007 sales of 27 billion euros, in medical diagnostic imaging and patient monitoring systems, energy-efficient lighting solutions, for health and comfort, The world's leading position in areas such as solutions for quality living. For news about Philips, please visit
About Hengdian Debang Electronics
Established in 1997, Hengdian Debang Electronics Co., Ltd. has been committed to the research and development and sales of high-efficiency electronic energy-saving lamps and high-efficiency electronic ballasts. In 2007, the total sales revenue reached 640 million yuan. Now it has owned many research and development institutions such as provincial lighting electronics and light source R&D center, and obtained 17 domestic invention patents and 4 foreign invention patents. In order to meet the society's overall demand for energy saving and emission reduction, the company attaches great importance to breakthroughs in key indicators such as light efficiency, lumen maintenance rate and service life of products, and fully achieves RoHS in the control of harmful substances such as lead and mercury. Domestic and foreign requirements. The company plans to achieve sales revenue of 900 million yuan at the end of 2008.
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