Yiwu will build a small town with LED light source technology

It is understood that the news of the Chinese consortium's acquisition of LEDVANCE was first released by the world-renowned media Reuters on the evening of July 26. The Chinese consortium involved in the acquisition consists of IDG Technology Venture Capital Fund, Mulinsen Co., Ltd., and Harmony Mingxin (Yiwu) Optoelectronics Technology Co., Ltd. On July 28, it was learned from the Yiwu Industrial Park Management Committee that the world-renowned LED manufacturer, Osram, has agreed to build a general lighting business unit, Lang Dewan, with a price of more than 400 million euros (about 3 billion yuan). LEDVANCE is sold to Chinese consortiums involved in Yiwu enterprises. It is understood that the news of the Chinese consortium's acquisition of LEDVANCE was first released by the world-renowned media Reuters on the evening of July 26. The Chinese consortium involved in the acquisition consists of IDG Technology Venture Capital Fund, Mulinsen Co., Ltd., and Harmony Mingxin (Yiwu) Optoelectronics Technology Co., Ltd. OSRAM is the world's leading lighting company, headquartered in Munich, Germany, and has been independently developed from Siemens Systems in 2013. Its products are widely used in public spaces, offices, factories, homes and automotive lighting. Mulinsen Co., Ltd. is a leading integrated optoelectronic high-tech enterprise integrating LED packaging and application products. It was listed on the Shenzhen Stock Exchange in February last year. In the second quarter of this year, LED sales ranked first in the country and ninth in the world. At present, Mulinsen Co., Ltd. has signed a project with the Yiwu Industrial Park Management Committee to invest a total investment of 5.5 billion yuan in the Mulinsen LED expansion project. It is estimated that after the completion of the project, the annual sales income will be 10 billion yuan, and the annual tax payment will be more than 600 million yuan, which can solve the employment of nearly 10,000 people. Harmony Mingxin (Yiwu) Optoelectronics Technology Co., Ltd. is jointly funded by IDG Technology Venture Capital Fund, Mulinsen Co., Ltd. and Yiwu State-owned Assets Operation Center. At present, Mulinsen Co., Ltd. has reached an agreement with relevant parties in Yiwu. After the successful acquisition, the company will gradually introduce LEDVANCE related technology into Yiwu Industrial Park, which will drive the overall development level of LED industry in Yiwu Industrial Park. At noon on July 27, Mulinsen Co., Ltd. also issued an announcement confirming the acquisition. Zhu Weisong, director of the Yiwu Industrial Park Management Committee, told the reporter that since the beginning of this year, Yiwu Industrial Park has increased its investment attraction and launched a major high-quality project as a carrier to launch a charge toward the provincial high-tech industrial park. In addition to the contracted expansion project of Mulinsen Co., Ltd., Yiwu Industrial Park has also attracted the return of Zheshang Optoelectronics and Ruifeng Optoelectronics, and the total investment has reached 6 billion yuan and 2 billion yuan respectively. At present, Huacan Optoelectronics Project and Ruifeng Optoelectronics Project have started construction. In the next step, the park will actively build a small town with light source technology and strive to build Yiwu Industrial Park into an LED industry cluster with an annual output value of 100 billion yuan and become a domestic LED industry center.

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