30 Mar '15, 7am
China-based MLS expects 2015 LED lighting revenues from US to hike 5-10 fold #DIGITIMES
China-based MLS expects 2015 LED lighting revenues from US to hike 5-10 fold Siu Han, Taipei; Adam Hwang, DIGITIMES [Monday 30 March 2015] China-based LED packaging service provider MLS has extended production to own-brand LED lighting and began to sell LED light bulbs and tubes in the US market in 2014, and expects LED lighting revenues from the US in 2015 to grow on year by 5-10 fold, according to the company. MLS, Opple Lighting and NVC Lighting Technology are currently the three largest China-based LED lighting vendors. MLS posted consolidated revenues of CNY4.0 billion (US$649 million) in 2014 and over 80% came from LED packaging services, and the remaining from LED lighting, the company said. MLS will expand overall production capacity by 30-50% in 2015 and expects 2015 consolidated revenues to increase on year by at least 30%, the company indicated. MLS will keep ex...