Chinese Minister of Science and Technology Wan Gang Met The Managing Board of OSRAM AG

During his visit to the Bavarian state capital Munich, the Chinese Minister of Science and Technology Wan Gang met the managing board of OSRAM AG. The discussions focused above all on questions concerning closer cooperation in the field of light-emitting diodes, in short LED. The chairman of the managing board at OSRAM AG, Wolfgang Dehen, emphasized: “The discussions were of enormous importance to us notably with a view to the great significance of the Chinese lighting market.” Following its inspection of a pioneering OSRAM test installation for LED applications in an art collection in Munich, the Chinese delegation met OSRAM’s managing board. The discussions concentrated primarily on future areas of cooperation in the LED sector. OSRAM has been represented for some 80 years with its products in China and today covers the entire value chain there. In total, OSRAM employs more than 10,000 staff in the fast-growing Chinese market. According to a survey conducted by the management consultancy McKinsey, the Chinese lighting market is set to double in value by 2020 from its current level of more than 8 billion euros. Source: www.ledinside.com