Trade Resources Industry Views Everlight Will Follow Suit Without Limits, According to Company Chairman Robert Yeh

Everlight Will Follow Suit Without Limits, According to Company Chairman Robert Yeh

The largest Taiwan-based LED packaging house Everlight Electronics, face with price-cut competition from international LED lighting vendors, will follow suit without limits, according to company chairman Robert Yeh.

LED lighting prices are trending to keep falling, and vendors need to improve efficiency in production and inventory management as well as reduce material costs to maintain gross margins, Yeh said.

Everlight will acquire a stake in Germany-based WOFI Leuchten GmbH at EUR6.55 million (US$8.65 million) to enhance marketing its own-brand LED lighting products in Europe, Yeh indicated. Everlight is also setting up a retail network in the China market, Yeh noted.

Everlight on July 25 launched a 8.5W LED light bulb with 750 lumens to replace a 60W incandescent bulb in the Taiwan market at a promotion price of NT$999 (US$33.30for four bulbs.

Source: http://www.digitimes.com/news/a20130726PD201.html
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Everlight Poised to Lower LED Lighting Prices Without Limits, Says Chairman
Topics: Lighting