Neo-Neon 2012 LED lighting shipments to grow 4-5 times, says company executive

Neo-Neon 2012 LED lighting shipments to grow 4-5 times, says ... - Digitimes: Neo-Neon 2012 LED lighting shipmen...

Neo-Neon 2012 LED lighting shipments to grow 4-5 times, says company executive Siu Han, Taipei; Jackie Chang, DIGITIMES [Friday 15 June 2012] Lighting maker Neo-Neon, which has been eager to shift businesses from traditional lighting fixtures to LED ones, expects its 2012 LED lighting shipments to grow 4-5 times, according to company general manager Cheng Chien-wen. Nevertheless, the debt crisis in Europe continues to be an uncertainty for the market, Cheng indicated, adding that key battles in the LED lighting market will happen in first-quarter 2013 as some firms have decided to exit the market. The LED lighting industry was facing a downturn in 2011 with capacity utilization rates around 30-40%, said Cheng, and despite the recent demand rebound and significant increase of shipments, the low prices mean limited profits. Cheng pointed out that Neo-Neon has been running at...

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