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Chinese Operation of POSCO LED Starts Shipment of LED Street Light

관리자 | 2013.11.19 11:34 | Views 2661
POSCO LED said on December 19, 2013, that Tangshan Pohang LED Limited commenced its sales activities in China with the initial shipment of 500 LED street lights. Tangshan Pohang LED is a joint venture between POSCO ICT and Tangshan Iron and Steel Company, headquartered in Tangshan, Hebei Province, China, a subsidiary of Hebei Iron and Steel Group, the second largest steel maker in the world. The LED street lights will be used at the outdoor space of cokes manufacturing facilities in China.

Before its operational launch in mid-January, Tangshan Pohang LED will be equipped with the complete knockdown (CKD) system, in which it will receive components of industrial lights, street lights and panel lighting products from POSCO LED. With this production system, it will participate in a tender of Hebei Province for replacement of street lights by LED lamps, and provide industrial LED lamps to the captive market of Hebei Iron and Steel Group, whose top 5 subsidiary mills create a KRW 400 billion market. According to the data released by Mckinsey, a global market survey firm, the Chinese LED lighting market will reach KRW 10.6 trillion by 2015, up 2.4 times from the level of 2013 standing at KRW 400 billion.
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