On the 25th, Lighthouse (Zhaoguang Technology), the world's leading LED display solution provider, announced today that it has completed the acquisition of its Huizhou plant and obtained the Huizhou plant, one of the world's largest LED display production plants. Photoelectric Technology Co., Ltd. has full ownership. The move marks the continued leadership of Lighthouse and is committed to the fast-growing LED display market worldwide.
This investment not only provides a lot of benefits for Lighthouse, but also benefits China and Huizhou. The Huizhou factory is fully RoHS compliant and is an environmentally friendly factory that fits well with the low carbon development policy proposed by the Chinese government in 2009. In addition, the investment brings the most advanced technology and management experience to China.
For Huizhou residents, the merger is also an important source of local economic growth. It provides residents with more employment opportunities and contributes to the promotion of Huizhou's local GDP and government revenue. After the completion of the acquisition, the factory staff can obtain advanced training to gain important skills that will help their career development.
Lighthouse's customers will see significant benefits from their investments. Acquiring ownership of the Huizhou plant allows Lighthouse to increase production capacity, increase supply efficiency and maintain superior product quality. At the same time, it also ensures that every step from design to manufacturing can establish a close relationship, thus effectively speeding up the time to market.
Mr. Chen Changde, General Manager of Lighthouse, said: “As the world's leading LED display brand, Lighthouse has the best technology in the world to meet the needs of different markets. It has a good reputation all over the world. This investment has brought us the largest and most advanced production facilities of its kind, which has strengthened our leading position and greatly promoted the development of the local economy."
As one of the fastest growing industry leaders, Lighthouse will continue to create influence in Asia and around the world by building win-win relationships with partners, customers and communities. In 2010, Lighthouse won a number of projects, including Shanghai World Expo, Vivienne Tam, Chanel, Zegna and many other famous brand stores as well as famous stadiums including the Bradley Center in the United States.
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