Philips spends 700 million yuan to invest in Hunan LED production base

On July 11, the Philips LED lighting production base with a total investment of more than RMB 700 million was officially contracted to settle in Tianyi Demonstration Zone in Xiangtan, Hunan. This project is the first LED lighting production base invested by Philips in Hunan, and the first Fortune 500 company introduced by Tianyi Demonstration Zone.

It is reported that this project will be jointly invested by Philips Group and Hunan Jiguang Technology Co., Ltd. The total investment is planned to be more than RMB 700 million. Hunan Jiguang Philips LED joint production base including Philips LED lighting and medical equipment production will be built. The project will be implemented in three phases. After being fully completed and put into production, the annual production and sales revenue will reach 2.8 billion yuan. The first phase of this contracted production project has a total investment of 200 million yuan and a land area of ​​100 mu. It will build 4 production lines with an annual output of 10,000 LED lamps.

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