Elcoteq to provide services to Philips' lighting ops
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[March 15, 2010]

Elcoteq to provide services to Philips' lighting ops

(Nordic Business Report Via Acquire Media NewsEdge) 15 March 2010 - Finnish electronics producer Elcoteq SE (HEL: ELQAV) said today that it will provide global manufacturing and product development services to the solid-state lighting (SSL) business of Dutch Royal Philips Electronics NV (AMS:PHIA).



The value of the deal was not disclosed.

Under the cooperation agreement between the parties, Elcoteq will also deliver related sourcing and supply chain management.


The Finnish company has already started the manufacturing of SSL products in its factory in Dongguan, China. Production will expand to other of Elcoteq's locations including Mexico and Hungary during 2010.

SSL is a type of energy-efficient lighting, using semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymerlight-emitting diodes (PLED) as sources of illumination.

The value of LED-based lighting products is estimated to reach EUR80bn by 2020.

(EUR1 = USD1.4) ((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2010 M2 COMMUNICATIONS

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