"Shenzhen LED Industry Park" to Break Ground in Russia

Recently, at the energy conservation project recently held in Moscow, The Shanghai Cooperation Organization (SCO) China Business Council has announced  China would  inject a total investment of $ 500 million to form "Shenzhen LED Industry Park"  in Russia,which will generate the output of 1.5 billion yuan after the completion .

This industry park is designed to be built into LED-based product manufacturing base and target the markets of Russia and other SCO members. The project encompasses 50 to 100 hectares, consisting of plants, research labs, supporting residence and infrastructures. The park will house enterprises covering varied LED-based application fields, such as LED packaging, outdoor and indoor lighting, LED display etc.There are about 10 Shenzhen LED manufacturers will engaged in the  initial phase of the park.

 "On Energy Saving and Efficiency Improvement " passed through Russian Parliamentary has also attracted Shenzhen LED enterprises to invest in Russian market.

The regulation rules that starting Jan 1, 2013, Russia is to ban  the production and sales of 75-wattage-and-above incandescent; starting 2014, the ban will spread to 25-wattage-and-above incandescent. This indicates a potential market demand of LED lighting in Russia in the future.

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