Foshan, China, 7 July – Osram, a subsidiary of German group Siemens AG, has concluded construction of some factory buildings that are part of a project worth 400 million yuan to expand its current base in Foshan, in China’s Guangdong province.
The buildings will house the research and development departments and manufacture high efficiency lighting, with production due to begin in 2010.
The chief executive of Osram, Martin Goetzeler, said that the expansion in Foshan would boost Osram’s research and development capacities and that its Chinese subsidiary, Osram China Lighting Ltd, would be the driving force behind teh company’s business worldwide.
Goetzeler also said that Osram planned to increase the sale of high efficiency lighting products, which are expected to account for 80 percent of sales within 10 years.
Electricty consumption in China exceeded 400 billion kwh in 2008 and 2010 the rise in consumption is projected at between 13 and 14 percent. (macauhub)