Osram opens LED plant in China to serve the growing local market
Light-emitting diode maker Osram opened its LED assembly plant in Wuxi, China. The new facility With a floor area of about 100,000 square meters is built to support 2,100 people by 2017.
Osram is focusing on China market by having such a big facility there, to support fast growing Chinese lighting market which accounted for more than 20% of global lighting market. Osram says the size of country's total general elimination market was about €15 billion in 2013 and it expects the market to rise to about €23 billion by 2019. The share of LED-based lighting is expected to increase from 29% in 2013 to 60% by 2019.
The new facility to assemble LED chips into LED housings. Osram has similar facility at Penang, Malaysia. Osram has LED chip manufacturing unit at Regensburg, Germany, and in Penang.
The Wuxi plant has a capacity to manufacture several billion LEDs per year.