Philips (China) and Chengdu Government formally signed LED project investment cooperation agreement

Yesterday, Philips (China) Investment Co., Ltd. and the Chengdu Municipal People's Government formally signed a strategic cooperation agreement and LED project investment cooperation agreement, marking the official establishment of the Philips Group's second headquarters in China in Chengdu. Deputy Secretary of the Municipal Party Committee, Mayor Ge Honglin, CEO of Philips Greater China, member of the Global Executive Committee Kong Xianghui, Party committee member of the Municipal Party Committee, Party Secretary of Chengdu High-tech Zone Jing Liang, and Chairman of Philips Lighting Greater China Liang Hanfeng attended the signing ceremony and jointly started LED The lamp of innovation wishes the Philips Chengdu project to grow bigger and better. Municipal Committee Liu Chao presided over the signing ceremony.

The Philips Group is one of the world's largest electronics companies and produces lighting, home appliances, medical systems and other products. It ranks 231 among the world's top 500 companies in 2010. According to the agreement, Philips will establish a strategic partnership with Chengdu to invest in the establishment of the Philips Industrial Park in Chengdu to jointly promote energy conservation, emission reduction and sustainable development in Chengdu and its surrounding areas. At the same time, according to the agreement, Philips will It invested in the construction of Philips LED professional lighting projects in Chengdu Hi-tech Zone, and engaged in the research, development and manufacturing of LED lighting products, systems and solutions. The total investment of the project exceeded 25 million euros. Construction began in early 2012 and the company began operations in the first quarter of 2013.

Before the signing ceremony, Ge Honglin met with Kong Xianghui and his party.

Ge Honglin expressed his warm congratulations to the project. He said that benefiting from the country’s western development policy, Chengdu has gained momentum in recent years and is striving to become an engine city that leads the development of the entire western region. The development of Chengdu is also inseparable from the strong support of foreign investment companies such as the Philips Group. The successful settlement of the Philips Chengdu project not only will bring us more advanced technology and advanced concepts, but will also attract a large number of supporting enterprises to enter and drive. Chengdu related industries accelerated their development. We admire the strategic vision of the Philips Group for its unwavering expansion into the west and investment in Chengdu. We will continue to create a better operating environment and provide better government services. We will help the Philips Group to further explore the Midwestern market with Chengdu as the center, and promote both parties on this basis. Cooperation continues to expand in a wider area and at a deeper level.

Kong Xianghui said that entering Chengdu is a major strategic decision of the Philips Group in the long term. We have been deeply attracted by the good development environment and huge market prospects of the city. The plan for investing in Chengdu has set the fastest time in the group discussion. Through records, we can see that the entire group has firm confidence in creating a better tomorrow. The signing of the strategic cooperation agreement is a brand new start. We will build Chengdu as the most important strategic base for implementing the group’s “local market” strategy, base on the headquarters in Chengdu, expand the business in the central and western regions of China, and seek more development opportunities in China. Greater success.

At the signing ceremony, Kong Xianghui and Jing Gang respectively addressed the parties. Assistant Mayor, Director of the Management Committee of Chengdu High-tech Zone Han Chunlin and Liang Hanfeng and Vice President of Philips Lighting Greater China and General Manager of Asia Wei Qianzhe respectively signed the strategic cooperation agreement and LED project investment cooperation agreement.

After the signing ceremony, Ge Honglin also visited Philips' latest technology and product display.

Huang Ruiren, President of Philips Greater Life Greater China, Zhang Wenming, President of Medical Greater China, and heads of business divisions of Philips Greater China participated in the signing ceremony and meeting.



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