Press information
OSRAM expands its production of energy-saving lamps for the Asian market
OSRAM the lighting manufacturer and Tony Yim the Chinese lamp manufacturer have agreed, subject to the approvalOSRAM the lighting manufacturer and Tony Yim the Chinese lamp manufacturer have agreed, subject to the approval the relevant antitrust authorities - to establish a company for manufacturing compact fluorescent lamps for Asia and Latin America.
The new company, in which OSRAM is to have an 80 percent share, will operate under the name of Sunny World (HK) Limited and have its headquarters in Hong Kong.
The Chinese partner will be contributing a plant in the Shanghai conurbation to Sunny World Limited. With this latest venture, OSRAM is further expanding its production capacity for this region so that it can continue to participate in the strongly growing markets of Asia and Latin America.
"We are pleased to have found an experienced partner in Tony Yim with whom we want to create additional production capacity for high-quality OSRAM energy-saving lamps", said Martin Goetzeler, President and CEO of OSRAM. Around 90 percent of this capacity is designated for the booming markets in Asia and Latin America.
Expansion also in India for the local market
As early as last year, OSRAM announced that it intended starting construction work on a second plant in India in 2007. This new plant in Kundli near New Dehli will focus on energy-saving products such as T5 fluorescent lamps particularly for the local Indian market.
Strong presence with energy-saving lamps in Europe
In Europe OSRAM is the largest manufacturer of energy-saving lamps and has five sites for research & development and production. As in Asia, the compact fluorescent lamps produced by OSRAM in Europe are manufactured above all to meet regional demand. "The energy-saving lamps that we manufacture in Europe are almost exclusively destined for the European market. And they constitute around two thirds of the energysaving lamps sold by OSRAM in Europe", said Alfred Haas, Head of the CFLi Business Unit (compact fluorescent lamps).
About the company
OSRAM is one of the two leading lighting manufacturers in the world. Sales in the year ending September 30, 2006 totalled 4.6 billion euros, 88 percent of which came from outside Germany. OSRAM is a high-tech company in the lighting sector. Around 40 percent of sales comes from innovative products. This global player employs more than 40,000 people worldwide, supplies customers in some 150 countries and has 49 production facilities in 18 countries.
Press contact:
OSRAM
Reglindis Pfeiffer
Tel: +49-89-6213-2305
Fax: +49-89-6213-3457
Email: reglindis.pfeiffer@osram.de