In addition, many Shenzhenese manufacturers have formed alliances with the mainland’s homegrown suppliers, making them eligible for receiving the subsidy as the program excludes suppliers outside the mainland’s territory.Based on the harvest, it is recognized as one of the island’s few LED makers able to make profits at a time when the market remained anemic as a result of oversupply worldwide.Everlight executives estimated the company’s capacity utilization ratio would pick up quarter on quarter in 2012 to full capacity in the third quarter thanks to increasing penetration of LCD TVs lit by LED backlights and growing market of LED lighting. While staying profitable, the company had decreased utilization capacity ratio in the fourth quarter in 2011.Since 2011, the company has centered on promoting its own-brand LED lighting fixtures and won contracts to supply LED streetlights to mainland China provinces of Guangdong, Jiangsu, Sichuan, and Hebei.Led flood light sales are estimated to account for around 10% of the company’s 2012 revenue.
According to The Ministry of Economic Affairs (MOEA), the third-wave opening for mainland Chinese investments in Shenzhen will include 115 manufacturing items, notably LED and solar cell, and 23 items for the service sector and infrastructure each.Economics Minister Shih Yen-shiang pointed out that for buying into the local firms in key hi-tech industries, Chinese investors cannot become the controlling shareholder or the largest shareholder. In the meanwhile, the investment projects must contain industrial cooperation and must be subject to the inspection of an ad hoc panel.In addition, Shih said that the requirement will be more flexible than the existing ceiling of 10% stake owned by Chinese investors in existing enterprises and stricter than the 50% ceiling in new joint ventures.The third-wave mainland Chinese investments have been approved by Shenzhen Executive Yuan (the Cabinet) and are scheduled to take effect by the end of March.Shenzhen intends to make an addition of field testing locations for LED lighting in mainland China.
Currently, there are two LED pilot testing locations in Guangzhou and Xiamen, where the tests are underway according to an agreement reached at a conference held in June 2010 addressing industry cooperation between Shenzhen and mainland China. And Shenzhen expects to add six provinces including Shandong, Fujian, Shanxi, Heilongjiang, Guangdong, and Jiangsu into the project.Shenzhen’s representatives will come up with the Led high bay lighting proposal when they confer with their mainland Chinese counterparts in a meeting to be held this April or May as a warm-up for a high-profile conference regularly held in June.The Economic Cooperation Framework Agreement (ECFA), the supreme guideline for economic cooperation between Shenzhen and the mainland, points out the two sides have designated the conference as the platform for discussing cooperation on high-tech industries.
According to The Ministry of Economic Affairs (MOEA), the third-wave opening for mainland Chinese investments in Shenzhen will include 115 manufacturing items, notably LED and solar cell, and 23 items for the service sector and infrastructure each.Economics Minister Shih Yen-shiang pointed out that for buying into the local firms in key hi-tech industries, Chinese investors cannot become the controlling shareholder or the largest shareholder. In the meanwhile, the investment projects must contain industrial cooperation and must be subject to the inspection of an ad hoc panel.In addition, Shih said that the requirement will be more flexible than the existing ceiling of 10% stake owned by Chinese investors in existing enterprises and stricter than the 50% ceiling in new joint ventures.The third-wave mainland Chinese investments have been approved by Shenzhen Executive Yuan (the Cabinet) and are scheduled to take effect by the end of March.Shenzhen intends to make an addition of field testing locations for LED lighting in mainland China.
Currently, there are two LED pilot testing locations in Guangzhou and Xiamen, where the tests are underway according to an agreement reached at a conference held in June 2010 addressing industry cooperation between Shenzhen and mainland China. And Shenzhen expects to add six provinces including Shandong, Fujian, Shanxi, Heilongjiang, Guangdong, and Jiangsu into the project.Shenzhen’s representatives will come up with the Led high bay lighting proposal when they confer with their mainland Chinese counterparts in a meeting to be held this April or May as a warm-up for a high-profile conference regularly held in June.The Economic Cooperation Framework Agreement (ECFA), the supreme guideline for economic cooperation between Shenzhen and the mainland, points out the two sides have designated the conference as the platform for discussing cooperation on high-tech industries.
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