The opening is part of Philips Lighting’s strategy to strengthen its leadership position in the fast growing and rapidly emerging power LED market. LUXEON LEDs are used in city beautification lighting, LCD displays, camera flash for mobile phones, automotive applications and various other applications
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Theo van Deursen, CEO of Philips Lighting and member of Philips’ Board of Management, comments: “As our industry shifts towards solid-state lighting, we have done EUR 2 billion in strategic acquisitions to establish a leadership position in solid-state lighting across the value chain from a component level with Lumileds to delivering total solutions with Color Kinetics. This new facility in Singapore; will not only double the production capacity of our LUXEON power LEDs, it will also strengthen our number one position in this field, and fuel our growth ambitions in lighting that we outlined in Philips Vision 2010.”
Philips Lighting is focusing on the power LED market, which is expected to grow strongly over the coming years. The long-lasting LUXEON® range of power LEDs matches the brightness of conventional light sources and for the first time, will make it possible to replace incandescent, halogen and fluorescent bulbs in many products with smaller, longer-lasting and more energy efficient LEDs.
Welcoming the new investment by Philips, Mr Lim Siong Guan, Chairman of Singapore Economic Development Board, said: “Philips Lumileds is a leader in LED lighting, an environmentally sound application which meets the needs of energy and climate concerns. We are very pleased to be chosen in their expansion strategy to reinforce their complex manufacturing presence here.”
Solid-state lighting is seen as the biggest revolution in lighting technology since Thomas Edison invented the incandescent bulb. Although it has been a niche solution for general lighting markets in the past, the creation of white-light LEDs a few years ago has transformed its potential. Over time, solid-state lighting is expected to revolutionize the lighting industry. Philips Lighting’s applications can already be found in all kinds of applications, such as for shops, city beautification and in homes, enabling users to create atmospheres in the way that suits them best.