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After Samsung, Toshiba also withdrew from the Chinese lighting market. Recently, Anhui Konka Green Lighting Technology Co., Ltd. (hereinafter referred to as "Konka Lighting") officially handed over to Toshiba. Konka has officially taken over Toshiba's lighting business in China, involving a total amount of over 1 billion yuan. It is reported that Konka Lighting aims to achieve sales targets of 2 billion yuan in the next 3 years and 5 billion yuan in the next 5 years through a series of comprehensive actions.
In recent years, there have been multiple mergers and acquisitions in the lighting market, and the competition in the LED lighting industry is fierce. The industry believes that companies will continue to adhere to the business law of survival of the fittest in the future, and the development of Konka Lighting also needs further observation.
Water related lighting field
At present, the development momentum of the lighting industry is still sufficient. Chen Yansheng, Vice Chairman and Secretary General of the China Lighting Electrical Appliances Association, revealed at the 6th Shanghai Lighting Technology and Application Trends Forum in 2016 that the sales revenue of the entire lighting industry in 2015 was 560 billion yuan, a year-on-year increase of 8%, and the export value was 45.3 billion US dollars, a year-on-year increase of 9%. Among them, the export value of LED lighting products was 10.8 billion US dollars, a year-on-year increase of 20%. However, for the first time in recent years, the sales revenue and export growth rate of the entire industry have decreased to single digits, with 10.5% and 15.5% respectively in 2014.
Recently, Konka Lighting officially launched a strategic cooperation and supply agreement with Toshiba Lighting Co., Ltd. (hereinafter referred to as "Toshiba Lighting"), mainly through equity and asset transfer channels, to receive Toshiba Lighting's lighting business in China, involving a total amount of over 1 billion yuan. Through this agreement, Konka Lighting also obtained the right to use Toshiba Toshiba brand in the Chinese Mainland and Hong Kong markets.
Although Konka mainly appears in the public eye as a home appliance enterprise, it can be seen from its official website that Konka positions itself as an electronic information enterprise mainly engaged in the research and development, manufacturing, and sales of color televisions, mobile phones, white goods, household appliances, LEDs, on-board boxes, and related products, as well as supporting businesses such as precision molds, injection molded parts, high-frequency converters, printed boards, transformers, and mobile phone batteries. And Konka Lighting is a subsidiary of Konka Group that is involved in the LED lighting industry.
After Samsung, Toshiba also withdrew from the Chinese lighting market. Recently, Anhui Konka Green Lighting Technology Co., Ltd. (hereinafter referred to as "Konka Lighting") officially handed over to Toshiba. Konka has officially taken over Toshiba's lighting business in China, involving a total amount of over 1 billion yuan. It is reported that Konka Lighting aims to achieve sales targets of 2 billion yuan in the next 3 years and 5 billion yuan in the next 5 years through a series of comprehensive actions.
In recent years, there have been multiple mergers and acquisitions in the lighting market, and the competition in the LED lighting industry is fierce. The industry believes that companies will continue to adhere to the business law of survival of the fittest in the future, and the development of Konka Lighting also needs further observation.
Water related lighting field
At present, the development momentum of the lighting industry is still sufficient. Chen Yansheng, Vice Chairman and Secretary General of the China Lighting Electrical Appliances Association, revealed at the 6th Shanghai Lighting Technology and Application Trends Forum in 2016 that the sales revenue of the entire lighting industry in 2015 was 560 billion yuan, a year-on-year increase of 8%, and the export value was 45.3 billion US dollars, a year-on-year increase of 9%. Among them, the export value of LED lighting products was 10.8 billion US dollars, a year-on-year increase of 20%. However, for the first time in recent years, the sales revenue and export growth rate of the entire industry have decreased to single digits, with 10.5% and 15.5% respectively in 2014.
Recently, Konka Lighting officially launched a strategic cooperation and supply agreement with Toshiba Lighting Co., Ltd. (hereinafter referred to as "Toshiba Lighting"), mainly through equity and asset transfer channels, to receive Toshiba Lighting's lighting business in China, involving a total amount of over 1 billion yuan. Through this agreement, Konka Lighting also obtained the right to use Toshiba Toshiba brand in the Chinese Mainland and Hong Kong markets.
Although Konka mainly appears in the public eye as a home appliance enterprise, it can be seen from its official website that Konka positions itself as an electronic information enterprise mainly engaged in the research and development, manufacturing, and sales of color televisions, mobile phones, white goods, household appliances, LEDs, on-board boxes, and related products, as well as supporting businesses such as precision molds, injection molded parts, high-frequency converters, printed boards, transformers, and mobile phone batteries. And Konka Lighting is a subsidiary of Konka Group that is involved in the LED lighting industry.
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