![]() ![]() In 2006, when Pun and his colleagues set up the company, they were pioneers in an industry the central government was determined to promote as part of China’s drive for green technology. “Whenever a new industry is introduced here, a huge swarm of speculators will descend upon it and quickly turn it upside down.”Ĭivilight’s multi-story LED light factory in Shenzhen is surrounded by dozens of rival manufacturers. “This is a typical problem associated with China,” he added. The industry is a mess,” Irving Pun, global marketing director of LED maker Civilight Shenzhen Semiconductor Lighting Co Ltd, said in an interview. ![]() Just as over-investment and sagging exports dragged down Beijing’s solar panel and wind turbine champions, China’s much-hyped LED lighting sector, the largest in the world, is now facing a drastic shake-up. Now they are locked in intense competition that has halved prices over the past three years. REUTERS/Sean YongĪbout 4,000 companies in China are producing LEDs, or light emitting diodes, tempted by tax breaks, subsidies and offers of cheap land for factories. One in five Chinese LED lighting companies may fail this year as falling prices and oversupply batter an industry that Beijing bankrolled to try to build an energy-efficient future. ![]() If this data is unavailable or inaccurate and you own or represent this business, click here for more information on how you may be able to correct it.Employees measure the aging levels of low energy consumption LED light bulbs at a factory in Nanjing, Jiangsu province May 18, 2012. VIEW ADDITIONAL DATA Select from over 115 networks below to view available data about this business. ![]()
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