Hebei Iron and Steel Group and South Korea's Posco Steel Group, one is China's largest steel company, and the other is South Korea's largest steel company. The two steel giants have joined forces to "cross-border" enter the LED industry, and both parties are full of confidence in this "marriage", both revealing their "ambition" for the LED industry.
Tangshan Iron and Steel Chuangyuan Fangda Company told reporters that the new company will eventually achieve the goal of ranking first in China's lighting market. Cho Bong-rae, president of South Korea's Pohang ICT and general manager of Pohang LED, said that the new company will achieve profitability in 2014 and "achieve the goal of ranking first in China's lighting market within five years, and even becoming the world's number one LED lighting company."
It is reported that the total investment of the joint venture project is 61.26 million yuan. Tangshan Iron and Steel and Posco jointly invest and manage and are responsible for sales in the Chinese market. Its products are positioned as high-end LED lighting products that are energy-saving, long-lasting and efficient.
The initial design scale of the company's project is to produce 379,000 units per year, with an annual output value of 207 million yuan. Tangshan Iron and Steel Chuangyuan Fangda Co., Ltd. revealed that the new company's mid-term goal is to achieve sales revenue of 500 million yuan. In the later stage, both parties will invest further according to needs.
In addition, as early as 2012, Tangshan Iron and Steel Chuangyuan Fangda Company conducted a one-year research and development on LED technology and had production conditions. According to the introduction of Tangshan Iron and Steel Chuangyuan Fangda Company, Tangshan Iron and Steel Chuangyuan Fangda Company is a branch of Tangshan Iron and Steel's non-steel industry and is responsible for the production of power equipment, cables, electrical appliances, automated instruments, etc.
According to information disclosed by Posco ICT, Posco began to get involved in the LED industry as early as 2009. It claims to be in a leading position in the world in LED lighting production technology. It has applied for 179 technology patents registered in South Korea and 58 technology patents abroad. In 2012, the proportion of patents applied to products was as high as 79%.
"Posco LED is at the forefront of the world in terms of technology and has a number of patents and proprietary technologies." "What Tangshan Iron and Steel needs to choose Posco is Posco's brand and high-end technology; what Posco needs to choose Tangshan Iron and Steel is Chuangyuanfang's large market share," Tangshan Iron and Steel Chuangyuanfang said.
PREVIOUS：Discussing the Tao on Paper: Driver IC Special Session
NEXT：LED industry performance soars, nearly 80% of LED companies report net profit growth
RELATED NEWS
- Guan Baiyu: Joint innovation to promote coordinated development of the LED indus 2026-05-22
- Leading the new direction of screen display technology, Konka Group’s industrial 2026-05-22
- Samsung launches QN85C series mini LED TVs, priced from 11,999 yuan to 31,999 yu 2026-05-22
- Shanghai Feile Audio’s special announcement explains the acquisition doubts 2026-05-22
- There is no doubt that the LED industry has taken off and the next 10 years will 2026-05-22
CATEGORIES
PRODUCTS CATEGORIES
LATEST NEWS
CONTACT US
Contact: mack
Phone: +8613352972563
E-mail: mack@archled.net
Add: Building A2, Mingjinhai Second Industrial Zone, Shiyan Street, Baoan, Shenzhen,Guangdong,China
ANNA