|Globetronics embarks on new business|
Source : The Stars Online (27th August 2007)
GLOBETRONICS Technology Bhd is penetrating the solid state lighting business with new light-emitting diode (LED) products in the fourth quarter."The solid state lighting business is not new to us. We have for the past three years been processing the die, which emits light, used in LED products for our customers."
"We now plan to introduce finished LED products into the market in the fourth quarter,” group executive chairman and chief executive officer Ng Kweng Chong told.
He said some of the LED products might be marketed under its own brand, while others would be for the original equipment manufacturers (OEM) market.
“These LED products will be used mainly in the auto, display and telecommunication industries."
“The plan is to produce about two million units of LED products monthly and gradually increase it to about four million by mid-2008,” he added.
Ng said the market for solid state lighting was expected to grow by leaps and bounds, as incandescent lighting would be banned in Europe and Japan in 2010.
“A US-based company that has placed orders for finished LED products with us is expected to distribute some US$4bil worth of LED products for use in the auto and display industries to the global market.