Venture lights the way to more exports

Lumileds Automotive Lighting, a Chinese-Dutch component manufacturer, will build a new production line in the country for automotive light-emitting diode bulbs for the domestic and overseas markets.

Lumileds represents the former LED components and automotive lighting business unit of the Netherlands-based company Royal Philips NV. A consortium led by GO Scale Capital acquired an 80.1 percent stake in the unit in April. Philips retains the remaining 19.9 percent equity.

Klemens Brunner, senior vice-president of Lumileds, said the company has increased exports to markets such as Indonesia, India and Thailand from its plants in Shanghai's Jiading district and Songzi in Hubei province. It also plans to ship products to European markets.