The first joint venture between the two banks set up LED lighting factory

Under the conditions of the Cross-Strait Economic Cooperation Framework Agreement (ECFA), the mainland of Fujian Province is expected to establish a world-class LED lighting company together with Taiwan LED Factory to promote the construction of the LED industry chain. As mainland Fujian will build about 300,000 LED street lamps in 2011, it will expand to a scale of 1 million to 2 million in 2013. With the huge domestic market in mainland China, it is expected to create a world-class LED public lighting company that surpasses traditional lighting manufacturers. The fastest 2011 A-share listing, creating a new milestone in the cross-strait LED industry.

Under the trend of promoting energy conservation and carbon reduction in the world, the mainland has become an important global market for green industry. Following the LED lighting industry's successive pilot projects in Xiamen and Guangzhou, Taiwan LED Street Lighting Industry Alliance and the Fujian Provincial High-tech Industry Development Promotion Association At the end of the month, they formally signed the Letter of Intent for Cooperation between the Fujian-Taiwan LED Industry Cooperation Framework. Each of them will establish a working group to support the LED lighting industry through cross-strait complementarity to form a regional industrial competitive advantage and seize opportunities for LED street lamps.

LED related companies said that according to the preliminary plan, the mainland of Fujian Province will invest RMB 20 billion to RMB 30 billion in the LED public lighting market in the next five years, and will use the Fujian A-share listed company as a cooperation platform, and the LED companies in Fujian and Taiwan The joint venture will issue more than RMB 3 billion worth of shares to establish LED lighting companies with the most technological advantages of the two sides of the Taiwan Strait. Fujian will assign the chairman of the board and Taiwan will assign the general manager to recruit talents at home and abroad.

The dean of the Institute of Industrial Technology and the director of the LED Street Light Industry Alliance Qu Xinsheng confirmed that Fujian Province has recently proposed this concept. Fujian is officially listed as one of the “first try first” demonstration regions in mainland China, and is expected to be built in 2011. Wanlan LED street lamp, expanded to 600,000 baht in 2012, and reached 1 million to 2 million LED street lamps in 2013, compared with only 20,000 LED street lamps in Taiwan in 2010, the total street lamp scale is only 1.8 million to 1.9 million baht, Fujian Up to 5 million to 6 million street lamps in the province are market scales. As long as the cost of LED street lamps has reached the level of price/performance ratio, they will extend from first-tier mainland cities to second-tier and third-tier cities.

Qu Xinsheng said that there are huge business opportunities for LED street lamps in the mainland, but they cannot be given to Taiwan factories. Mainland officials are bound to nurture local companies and integrate industries. Therefore, by establishing a joint venture between the two sides of the Taiwan Strait to establish an LED lighting company, they will be able to integrate LED technology resources across the strait and preempt them. The mainland market has trained and surpassed the traditional lighting giants such as Philips and Osram. It has quickly become a world-class lighting company. After the establishment of an economic scale, it will also attack other regional LED lighting and street lighting business opportunities. 

Qu Xinsheng pointed out that the Ministry of Science and Technology of the Mainland launched the Ten City Ten Thousand Years Policy in 2009, but the results were not as good as expected. In 2010, the reform was initiated by the Mainland Development and Reform Commission and served as the convener of the steering group. Not only did the impetus significantly increase, but also the speed needed to catch up quickly. After the monthly cross-strait bridging conference, it has begun trials in LED street lamps in Xiamen and LED lighting applications in Guangzhou Metro to show the determination of the mainland government to promote the LED lighting industry. Through cross-strait LED market opportunities, there will be opportunities for Taiwan's LED industry to develop rapidly within 5 to 10 years. Promote to the top of the world.

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