Philips Holds Opening Ceremony for LED Lighting Campus in Chengdu

CHENGDU, China, Dec. 20, 2013 /PRNewswire/ -- Philips LED Lighting Campus in Chengdu that has been closely watched by the industry was opened today, in the western campus of the Chengdu High-tech Industrial Development Zone (Chengdu is the capital of Sichuan Province). On the same day, Philips also unveiled its world-class Lighting Application Center that is located within the facility.

At an investment of EUR25 million, the building area of Philips LED Lighting Campus in Chengdu occupies about 40,000 sq m, including a manufacturing center for LED professional luminaries and a large, over 7,000 sq m area, covering the Lighting Application Center.

As a fully integrated manufacturing facility for LED professional luminaries, Philips' Chengdu LED Lighting Manufacturing Center is equipped with the most cutting-edge LED manufacturing, design and customization capabilities. It will mostly produce professional outdoor and indoor luminaries in addition to industrializing and customizing products as well as optimizing the allocation of manufacturing, warehousing and logistical resources.

Patrick Kung, CEO of Philips Greater China said, "The Chengdu LED Lighting Campus reflects our commitment to Chengdu as the second regional headquarter of Philips in China. It is also a part of the execution of our 'home market' strategy - building China as one of key innovation and operation hubs of Philips global for value creation - a hub with both global reach and influence. Following the latest macroeconomic and market trends, we are developing the "2017 Strategy" that establishes a new blueprint for the next five years to ensure the sustainable development of Philips China and 'Go West' occupying a more important strategic position. We are accelerating the innovation in China and for China, aiming to deliver more meaningful innovations to Chinese customers not only in the west region but across the country."

Officer of Chengdu Hi-tech Zone expressed that throughout cooperation and joint endeavors by Philips and Chengdu Hi-tech Zone, the project is being propelled quickly and steadily. The LED Lighting Campus in Chengdu will not only help consolidate Philips' leading role in the industry, but also adds new impetus to Chengdu Hi-tech Zone in developing a globally influential high-end industrial base. Following the tide of the 'third entrepreneurship,' at current and in the near future, Chengdu Hi-tech Zone will offer unprecedented opportunities for domestic and foreign companies.

For further information, please contact:

Freeman Zhang
Philips Lighting
Tel: +86-21-5389-8413
Email: freeman.zhang@philips.com