Zhejiang Yankon to start production of LED products in June - report
Shanghai. April 25. INTERFAX-CHINA - Zhejiang Yankon Group Co. Ltd., a state-owned lighting appliances manufacturer, will begin production of Light Emitting Diode (LED) fixtures in June, state media reported April 24.
Zhejiang Yankon expects to produce one million LED-related products per month by end-2011, according to a China Business News report.
The company expects LED products to generate eight percent of total revenue this year, up from two percent in 2010, the report said.
Zhejiang Yankon reported RMB 2.17 billion ($332.15 million) in revenue and net profit of RMB 182 million ($27.87 million) in 2010.
Founded in 1975, Yankon is China's largest manufacturer and distributor of energy efficient lighting. The company has factories in Zhejiang Province's Shangyu City, Xiamen City in Fujian Province, Vietnam and India.
- LC