Top Korean LED Manufacturer Lumens To Expand in Japan Through Joint Venture

News Source: 

Vying the lucrative Japanese market, leading Korean LED manufacturer Lumens announced it has signed a joint venture agreement with Japanese company TN Holdings, according to a Japanese media SankeiBiz report.

The two companies will be cooperating on expanding their presence in the Japanese lighting, automotive and display backlight markets.

A new company Lumens Japan has been established by the two companies through the joint venture. Lumens and TN’s stake in the new company is respectively 51% and 49%.

Lumens Japan has begun operations since Feb. 5, 2015 and its main business is in LED luminaire, and other electronic components sales.

Lumens revenue targets in the Japanese market for 2015 is 500 million Japanese Yen (US $4.21 million), and plans to expand revenues to 2 billion Japanese Yen by 2016.

Founded in 2004, Lumens is the world’s eighth largest LED manufacturer, according to the report. The company’s production capacity LED backlight modules for LCD displays and smartphones has reached 500 million, and is the world’s third largest manufacturer.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Some homeowners, commercial systems managers and outdoor lighting management companies have looked warily at smart lighting, in light of its being seen as a major departure from what was required for lighting control in the past. They need not... READ MORE

For the LED driver product line, wide AC voltage input range (180 ~ 528VAC) HVGC family, MEAN WELL now launches HVGC-650 series to offer more choices of high power products.