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Rare Earth, Siemens tie-up
(China Daily)
Updated: 2009-10-20 13:57

China Rare Earth Holdings Ltd said yesterday that it will set up a joint venture in China with Siemen's OSRAM to produce and sell phosphor products for the lighting industry.

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The joint venture, which will have an investment of 43.5 million euros ($65.10 million), will be 49.9 percent owned by China Rare Earth and 50.1 percent by OSRAM. The joint venture will have an annual production capacity of up to 2,000 tons of tri-band phosphor when it starts operating.


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