Trade Resources Industry Views China LED Makers to up Prices Due to Rising Costs

China LED Makers to up Prices Due to Rising Costs

In response to increased material costs for aluminum substrates, copper foil, plastic and paper boxes for product transportation, China-based LED lamp and light bulb/tube makers will hike quotes by 5-15% and 8-15% respectively, according to industry sources.

Material costs have drastically risen since the end of 2016 and may further rise 10%, the sources said. To cope with the hikes, MLS, the largest China-based LED packaging service provider and LED lighting maker, will invest CNY3 billion (US$436 million) to set up capacity to produce CCLs (copper-clad laminates) mainly for own use.

China-based makers of fine pixel pitch LED displays are also likely to hike prices, the sources noted.

Source: http://www.digitimes.com/news/a20170307PD202.html
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China LED Lighting Makers to Hike Prices Due to Rising Costs
Topics: Lighting