China and South Korea to build a joint venture giant LED light source project

In December 26th, in Pohang (Tangshan) new light source Co. Ltd. ceremony was held in Tangshan. Yu Yong, chairman of Hebei iron and Steel Group and South Korea, ICT president of the United States together for the opening of the new company, Pohang, Zhao Fenglai. The formation of a new joint venture operations, marking the Tang Gang, Pohang, the two iron and steel giant strategic cooperation opened a new chapter.

Tang Gang Pohang (Tangshan) new light source Co. Ltd. from Tang Gang Chuangyuan Fangda company and Pohang ICT company to set up a total investment of 61 million 260 thousand yuan, Tang Gang, Pohang joint investment management and is responsible for China market sales. Product positioning for energy saving, long life, high efficiency LED lighting products, but also to provide users with energy diagnosis and energy saving project design, construction and other engineering integration services. Keep the product design and technology with the Pohang LED company, the introduction of Pohang LED original "intelligent freezing technology", reduced the volume of the radiator, successfully overcome the failure of conventional LED lighting products because of the heat and dust caused, and the shortcomings in the high temperature and high humidity under extreme conditions can not be used, compared with similar products with high reliability, long service life and easy popularization; lightweight, low cost and other advantages. The main products include mining lamp, street lamp, tunnel lamp, lamp panel, strip lamp, downlight, bulb lamp, LED lamp, lamp, a total of 9 major categories of 170 kinds of specifications. Design scale of 379 thousand sets of annual output value of $207 million.

Tangshan general manager Wang Lanyu said in his speech, the Chinese economy in transition period of adjustment difficult, as the responsibility of state-owned enterprises, have the obligation to further implement the state in promoting energy-saving emission reduction and industrial structure adjustment policies, with a variety of domestic and foreign resources, vigorously develop diversified industries, improve the core competitiveness of China steel. The creation of the joint venture company, is in the adjustment of product structure, promote diversified development, an important step to realize the transformation and upgrading of the key, the pace is iron and steel and Pohang continue to expand the scope of cooperation has taken. The new company will be the rapid development of enterprises as the iconic National LED lighting industry, become a successful example of friendly cooperation in full cooperation with Pohang and South Korea, to make new contributions to China's green civilization progress and economic and social development.

Tangshan Iron and Steel Co., Ltd. has 70 years of history, has a relatively complete industrial chain and the huge Chinese market, non steel system has a strong equipment manufacturing capacity. Chuangyuan Fangda company as an important member of the non steel industries, is a mature high-end electrical equipment manufacturing enterprises, with strong market competitiveness in the industry, the output value has exceeded billion yuan, annual profit of 10 million yuan.

Pohang is the world's most competitive steel enterprises, Pohang ICT has world-class information, automation and electronic technology, Pohang ICT-LED in the first phalanx of world LED lighting technology, has a strong R & D capability, not only has its own R & D institutions, Research Institute of Pohang University Science & Technology, Seoul, and Pohang semiconductor and other institutions are closely the collaboration, LED lighting production technology is in the leading position in the world, technology patent registration in South Korea 179, technology patents in foreign applications have 58, 2012 is applied to product patent ratio as high as 79%.

It is understood that the LED light source has the characteristics of long service life, slow decay time, green lighting industry in the world recognized, twenty-first Century will enter a new lighting era represented by LED. Although China's LED industry has been rising, but still in the process of comprehensive popularization and promotion, there is a larger market space. The cooperation with Pohang, Tangshan Iron and steel will gradually grasp the advanced LED production technology, shorten the gap between China's lighting technology and the international advanced level. At the same time this cooperation as an opportunity to gradually expand the field of cooperation with Pohang, the depth of the process of internationalization.