Latest News:  
Beijing   Sunny    29 / 17 ℃  City Forecast

English>>China Business

Philips to build LED manufacturing center in SW China

(Xinhua)

08:10, August 22, 2012

CHENGDU, Aug. 21 (Xinhua) -- Philips (China) Investment Co., Ltd. has started construction on an LED manufacturing center in Chengdu, capital of southwest China's Sichuan province, local authorities said Tuesday.

The new facility will be based in the Chengdu High-tech Industrial Development Zone (CDHT), where a ground-breaking ceremony was held on Monday, the CDHT said in a press release.

The new base will target a vast group of potential customers in the fast-growing western region, the press release said.

It said the Dutch electronics giant reached a deal with the city government of Chengdu toward the end of last year to build its new facility there.

The new facility will optimize the allocation of production, warehousing and logistics resources, as well as control production efficiency, improve product and service quality, shorten delivery time and provide more customized products to meet the unique requirements of different consumers, the press release said.

The site is expected to start production next year, the press release said.

Philips chose Chengdu for its second regional headquarters in China last year. The company moved its headquarters from Hong Kong to Shanghai in 1996.

Chengdu, a major city in west China, will also be the venue for next year's Fortune Global Forum.

Philips specializes in manufacturing televisions and small appliances. It has also started producing medical equipment over the last decade, such as magnetic resonance scanners and lighting systems.

News we recommend:
Prices fly for Angry Birds' merchandise Wine imports give Chinese firms a hangover Spirited into the world of e-commerce
E-shopping fuels domestic consumption China's firms bigger but not necessarily better China's beauty industry profits from a makeover
Taxing times for China's tax reformers  Experts divided on yuan’s future [Audio]Soccer in China Part III: The Business Side

Email|Print|Comments(Editor:李倩、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Officers and men in live-ammunition tactical drill

  2. Uncover the secret of gold bars production

  3. Taxing times for China's tax reformers

  4. Hong Kong ready for Paralympics

  5. sexy bikini - on the beach

  6. How to marry a billionaire

Most Popular

Opinions

  1. EU, China extend hands of friendship
  2. Editorial: Rules for stock market
  3. U.S.-S. Korea drills harmful to regional stability
  4. Wake-up call for industry
  5. Is Romney trounced, or has more tricks?
  6. Commentary: Meet the new consumers
  7. Medicare row escalates with Romney's VP pick
  8. New UN envoy's appointment last ditch for Syria
  9. Stock markets remain a depressing drag
  10. ASEAN, China should maintain regional stability

What's happening in China

Lhasa ranks at top of residents' happiness list

  1. Officers and men in live-ammunition tactical drill
  2. Many workers face extended probation period
  3. Free Qixi Festival events canceled
  4. Three Gorges Dam sees new round of flooding
  5. Amusement parks boost real estate market

China Features

  1. Japan stuck in neighbors' anger
  2. Is China's low-cost era approaching its end?
  3. Chinese firms provided one-stop services in U.S.
  4. Don't store bread and biscuits together
  5. Eat ducks during Chushu (Stopping the heat)

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai