At the time of coal winter, Xishan Coal and Electricity Group had previously invested in a million test water LED lighting industry.
On November 29th, Taiyuan Xishanguang, a joint venture between Xishan Coal and Electricity Group and Guangzhou Guangwei Lighting Technology Co., Ltd. (hereinafter referred to as “Light for Lightingâ€), was unveiled for Lighting Technology Co., Ltd. The registered capital of the company is 10 million yuan. The products include various types of explosion-proof lamps, LED light sources, street lamps and other commercial lighting products and road lighting products used in mines. It is estimated that the annual sales income will be 30 million yuan, and it is planned to become the scale of Shanxi Province within 5 years. The largest production base of high-power LED lighting products.
"2013 will be the most violent rivers and lakes of LED lighting. LED companies will attack traditional enterprises with fierce attacks. Now state-owned coal enterprises enter the lighting market with opportunities and risks." Guo Yilun, senior observer of the lighting industry, said.
According to the person surnamed Yang, the lighting market department, in order to enhance the market share in the LED industrial and mining lighting market, the Xishan Coal and Electricity Group, which is implementing the high-tech industry transformation, hit it off. Taiyuan Xishanguang Lighting Technology Co., Ltd. is expected to be officially put into operation in February 2013.
Profit-seeing mining market
According to informed sources, the Xishan Coal and Electricity Group, which has put the industrial transformation on the agenda, has not entered the lighting industry for a while. Previously, Xishan Coal and Electricity Group sought a number of LED lighting companies to seek cooperation, and finally set the light for lighting. The two sides jointly invested 10 million, of which Xishan Coal and Electricity Group “accounted for the big headâ€, the specific amount of the person did not disclose.
Guangwei Lighting is a well-known high-tech enterprise in the LED industry in Guangdong Province. Founded in July 2007, its chairman Zhou Tanyi was once known as the “LED King†in the industry. Ever-lighted to create the largest LED innovation base in South China, the lighting will be directed to Shanxi.
The above-mentioned light for lighting people said that the company is optimistic about the market resources and platform advantages of the local Shanxi Xidian Coal and Electricity Group. Both parties believe that the LED market is not yet saturated, and Shanxi has few LEDs and has a large market potential. "If you develop well in the future, you will not rule out the possibility of capital increase and listing," he said.
The industrial and mining lighting market is a key market for Xishan Coal and Electricity Group and Guangwei Lighting. According to Qiao Meiying, the chairman of the joint venture Taiyuan Xishanguang Lighting Technology Co., Ltd., Xishanguang Lighting Technology Co., Ltd. will start with the R&D and manufacturing of LED industrial and mining lighting products. The initial production capacity of the project is 300,000 sets.
Opportunity and risk
Xishan Coal and Electricity Group is one of the largest coking coal production bases in the country. However, due to multiple factors such as slowing economic growth and the impact of imported coal, coking coal prices have fallen this year.
Li Chaolin, a market observer of the China Coal Transportation and Marketing Association, said that due to the sluggish coal situation this year, Xishan Coal and Electricity Group has suffered a lot of influence, but due to the coal type of coking coal, the drop is partly in profits and taxes.
In stark contrast to the cold winter of the coal industry, the LED industry has recently been highly sought after. “The state is increasingly supporting the lighting industry. More and more people are aware of LED energy conservation and environmental protection. The state is also introducing various policies to limit the application of high-energy lamps before.†The above-mentioned light is said by the lighting market.
In recent years, the industry of Xishan Coal and Electricity Group has been involved in the construction, natural gas and other industries. This time, the LED lighting industry has become another diversified exploration.
In Guo Yilun's view, the LED lighting industry is developing at a high speed this year, and the market is maturing. At this time, the industry that is becoming saturated is risky, but it is also a rare opportunity. He said that nowadays, the domestic LED market is exported to domestic sales, and the competition will be more intense in 2013. Once you are not sure, you will lose more than you gain.
“While Xishan Coal and Electricity Group has chosen a relatively stable joint venture approach to reduce risks and costs, the characteristics of its state-owned system may make it difficult to enter the LED market-oriented industry, which will greatly reduce competitiveness.†Li Chaolin even asserted: “ The LED industry cannot have as much profit as coking coal."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
On November 29th, Taiyuan Xishanguang, a joint venture between Xishan Coal and Electricity Group and Guangzhou Guangwei Lighting Technology Co., Ltd. (hereinafter referred to as “Light for Lightingâ€), was unveiled for Lighting Technology Co., Ltd. The registered capital of the company is 10 million yuan. The products include various types of explosion-proof lamps, LED light sources, street lamps and other commercial lighting products and road lighting products used in mines. It is estimated that the annual sales income will be 30 million yuan, and it is planned to become the scale of Shanxi Province within 5 years. The largest production base of high-power LED lighting products.
"2013 will be the most violent rivers and lakes of LED lighting. LED companies will attack traditional enterprises with fierce attacks. Now state-owned coal enterprises enter the lighting market with opportunities and risks." Guo Yilun, senior observer of the lighting industry, said.
According to the person surnamed Yang, the lighting market department, in order to enhance the market share in the LED industrial and mining lighting market, the Xishan Coal and Electricity Group, which is implementing the high-tech industry transformation, hit it off. Taiyuan Xishanguang Lighting Technology Co., Ltd. is expected to be officially put into operation in February 2013.
Profit-seeing mining market
According to informed sources, the Xishan Coal and Electricity Group, which has put the industrial transformation on the agenda, has not entered the lighting industry for a while. Previously, Xishan Coal and Electricity Group sought a number of LED lighting companies to seek cooperation, and finally set the light for lighting. The two sides jointly invested 10 million, of which Xishan Coal and Electricity Group “accounted for the big headâ€, the specific amount of the person did not disclose.
Guangwei Lighting is a well-known high-tech enterprise in the LED industry in Guangdong Province. Founded in July 2007, its chairman Zhou Tanyi was once known as the “LED King†in the industry. Ever-lighted to create the largest LED innovation base in South China, the lighting will be directed to Shanxi.
The above-mentioned light for lighting people said that the company is optimistic about the market resources and platform advantages of the local Shanxi Xidian Coal and Electricity Group. Both parties believe that the LED market is not yet saturated, and Shanxi has few LEDs and has a large market potential. "If you develop well in the future, you will not rule out the possibility of capital increase and listing," he said.
The industrial and mining lighting market is a key market for Xishan Coal and Electricity Group and Guangwei Lighting. According to Qiao Meiying, the chairman of the joint venture Taiyuan Xishanguang Lighting Technology Co., Ltd., Xishanguang Lighting Technology Co., Ltd. will start with the R&D and manufacturing of LED industrial and mining lighting products. The initial production capacity of the project is 300,000 sets.
Opportunity and risk
Xishan Coal and Electricity Group is one of the largest coking coal production bases in the country. However, due to multiple factors such as slowing economic growth and the impact of imported coal, coking coal prices have fallen this year.
Li Chaolin, a market observer of the China Coal Transportation and Marketing Association, said that due to the sluggish coal situation this year, Xishan Coal and Electricity Group has suffered a lot of influence, but due to the coal type of coking coal, the drop is partly in profits and taxes.
In stark contrast to the cold winter of the coal industry, the LED industry has recently been highly sought after. “The state is increasingly supporting the lighting industry. More and more people are aware of LED energy conservation and environmental protection. The state is also introducing various policies to limit the application of high-energy lamps before.†The above-mentioned light is said by the lighting market.
In recent years, the industry of Xishan Coal and Electricity Group has been involved in the construction, natural gas and other industries. This time, the LED lighting industry has become another diversified exploration.
In Guo Yilun's view, the LED lighting industry is developing at a high speed this year, and the market is maturing. At this time, the industry that is becoming saturated is risky, but it is also a rare opportunity. He said that nowadays, the domestic LED market is exported to domestic sales, and the competition will be more intense in 2013. Once you are not sure, you will lose more than you gain.
“While Xishan Coal and Electricity Group has chosen a relatively stable joint venture approach to reduce risks and costs, the characteristics of its state-owned system may make it difficult to enter the LED market-oriented industry, which will greatly reduce competitiveness.†Li Chaolin even asserted: “ The LED industry cannot have as much profit as coking coal."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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