Osram managing board meets Chinese minister Wan Gang
Date Announced: 09 Dec 2011
The Chinese Minister of Science and Technology, Wan Gang, met with the managing board of Osram AG recently. Discussions focused on future areas of cooperation in the LED sector.
This meeting followed an inspection of a test installation of LED applications in an art collection in Munich. According to McKinsey, the Chinese lighting market is set to double in value by 2020 from its current level of more than 8 billion euros.
Hong Kong – During his visit to the Bavarian state capital Munich, the Chinese Minister of Science and Technology Wan Gang met the managing board of OSRAM AG. The discussions focused above all on questions concerning closer cooperation in the field of light-emitting diodes, in short LED. The chairman of the managing board at OSRAM AG, Wolfgang Dehen, emphasized: “The discussions were of enormous importance to us notably with a view to the great significance of the Chinese lighting market.”
Following its inspection of a pioneering OSRAM test installation for LED applications in an art collection in Munich, the Chinese delegation met OSRAM’s managing board. The discussions concentrated primarily on future areas of cooperation in the LED sector.
OSRAM has been represented for some 80 years with its products in China and today covers the entire value chain there. In total, OSRAM employs more than 10,000 staff in the fast-growing Chinese market. According to a survey conducted by the management consultancy McKinsey, the Chinese lighting market is set to double in value by 2020 from its current level of more than 8 billion euros.
OSRAM AG (Munich, Germany) is a wholly-owned subsidiary of Siemens AG and one of the two leading light manufacturers in the world. In fiscal year 2011 (ended September 30, 2011), it generated revenue of about 5 billion Euros. OSRAM is a high-tech company in the lighting sector and more than 70 percent of its revenue comes from energy efficient products. The company, which is very much internationally oriented, has around 41,000 employees worldwide, supplying customers in 150 countries from its 44 production sites in 16 countries (as of September 30, 2011). Additional information can be found in the internet at www.osram.com
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