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Wood Tomlinson Intends To Invest 5.5 Billion Construction To LED Lighting Products Production Base

- Aug 26, 2016 -


Finance web site - Wood Tomlinson (36.49 suspension, buy) on August 25th evening announcement, the company was held on August 25, 2016, the second annual meeting of the board 34 meeting passed on the company and zhejiang yiwu industrial park management committee LED lighting project investment agreement signed the bill, and agreed to the company and zhejiang yiwu industrial park management committee (hereinafter referred to as the "yiwu industrial park management committee") signed the Tomlinson wood co., LTD. LED lighting project investment agreement (hereinafter referred to as the "investment agreement"), and submit the investment agreement for the shareholders meeting examined and approved.

Yiwu industrial park management committee is committed to building the world's advanced level of the LED industry park, wood Tomlinson has the world advanced LED production ability, strong research and development system and perfect the system of the supplier. In order to realize resource integration and complementary advantages, promoting industrial restructuring and upgrading, the construction of advanced technology, high-end products, complete industrial chain has the important influence in the international LED industrial park. Both sides based on mutual trust and honesty, the principle of complementary advantages, mutual benefit and common development, signed an investment agreement.

According to the agreement, the company at the location of the yiwu industrial park management committee LED lighting products production base, and relying on advanced technology to realize LED products r&d, production and sales. All items in total planning a total investment of 5.5 billion yuan, the project fully completed and put into operation, is expected to realize annual revenue of RMB 10 billion yuan of above, tax of RMB 600 million yuan of above.

Company said, the LED lighting industry is entering mature period, at the same time also belong to the rapid popularization period. Based on the good development opportunities, the company signed investment agreements with yiwu industrial park management committee, can effectively increase the brand awareness of the company. At the same time, the cooperation in the company's industry layout and development strategy, is another important company in the field of LED business measures, to further enhance the company's core competitiveness, achieve sustained, stable and rapid development of company.

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