Toshiba sees 2020 LED lighting sales of $9.5 bln

Japan's Toshiba Corp (6502.T: Quote, Profile, Research) aims to raise sales of its non-commercial LED lights and other energy-saving light bulbs to 1 trillion yen ($9.50 billion) in 12 years by expanding sales abroad, its president said on Thursday.

Toshiba, which competes against global leaders General Electric Co (GE.N: Quote, Profile, Research), Philips (PHG.AS: Quote, Profile, Research) and Osram, said that sales target would be equivalent to 20 percent of the global market for such next-generation lights in 2020. It now holds a low-single digit percent of the global market.

"We have the technological advantage, and now is our chance to win share worldwide in the lighting business," Toshiba President Atsutoshi Nishida said in an interview with Reuters, adding that the company eyes growth in Russia and China as well as in Japan.

"We may eventually need to build new factories abroad."

Toshiba, which developed Japan's first light bulb, plans to phase out production of most of its incandescent light bulbs by 2010.

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.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE