Eaton 3Q15 Revenue Driven Down by Company Restructures

Power management company Eaton announced that operating earnings per share, which exclude charges of US $0.01 per share to integrate recent acquisitions, were $0.97 for the third quarter of 2015, down 25% from the third quarter of 2014. Sales in the third quarter of 2015 were $5.2 billion, down 9% from the same period in 2014. The sales decline consisted of 6 percent from negative currency translation and 3% from a decline in organic sales.
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Major Taiwanese Sapphire Manufacturer Tera Xtal Technology Slashes Jobs

The LED market has shown mixed results in different global regions recently. Stagnant LED shipment growth, and plunging sapphire substrate prices have brought related manufacturers operations under the market lime light.
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Epistar Cuts Jobs as Part of Restructure Strategy

Taiwan’s LED industry was affected by China’s supply chain, even top LED chip manufacturer Epistar has announced plans of slashing jobs as part of its restructure process, reported UDN recently.
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Lite-On Denies Market Rumors of Closing Down its LED Business

Taiwanese LED manufacturers have been affected by Chinese manufacturers’ low pricing strategies, even the Taiwanese LED stock market was hit hard, reported SET News.
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Zumtobel Raises Profit Outlook as Restructuring Pays Off

Austrian lighting company Zumtobel restructures have helped the company turn around the EUR 4.8 million (US $ 5.32 million) losses it incurred in the last fiscal year, reported Austrian media Die Presse.
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Philips 1Q15 Profits Drop 28% amid Lighting Business Restructure

Despite delivering strong sales in its LED business, Philips profits in 1Q15 declined 28% due to slowdown in its health business, reportedFinancial Times and Marketwatch.
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Cash-strapped Sharp to Shutdown LED Factories

Ailing Japanese electronic company Sharp will be closing down three LED factories as part of its drastic cost-cutting plan, according to a latest Nikkei report.
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GE Lighting Division Unaffected by Company Restructure

The market speculated whether GE will sell its lighting division after the company recently sold the home appliance division for US $3.3 billion to Swedish company Electrolux, according to a Lighting report.
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Everlight Restructure Has No Effect on Company Business Strategy in China

Taiwanese lighting manufacturer Everlight has released a statement that clearly shows the company’s aim of developing the Chinese lighting market, the statement also assured investors recent restructures were made to meet challenges ahead. The notice outlined the company’s intent to attract more distributors in the future.
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Lumileds introduced the LUXEON CZ Color Line, a product line optimized to deliver maximum punch. “The LUXEON CZ features up to 48% higher punch than any other undomed color LED,” said Jennifer Holland, Product Line Direct... READ MORE

LG Innotek today announced that it has supplied UV LED module for water purifiers to the famous Japanese purifier manufacturer for the past year and achieved the perfect quality of zero defect rate.