NVC LED Lighting manufacturer will accelerate overseas expansion plans, focusing on creating LED products

In order to achieve the proportion of overseas sales accounted for half of the revenue, NVC LED Lighting manufacturer is accelerating the pace of expansion in emerging markets overseas.

NVC CEO and Chairman Wu Changjiang, said the interim results press conference, continue to increase business development of LED products, such products are expected in 2011 accounted for 5% of revenue, and expect the gradual development of internal resources, in 2015, LED products increased to 50% of revenues.

Wu Changjiang, said, NVC 2011 with the Cree, by Taiwan's star power and other LED giant to become strategic partners, the current LED manufacturing technology is relatively mature, costs have dropped significantly and there is support of national policy, therefore, for the expansion of LED business good time.

Vice President and Chief Financial Officer on Eagle revealed that overseas sales now account for about 22% of the Group, but the big growth opportunities overseas, strong sales growth, so expect proportion of overseas sales to continue to improve. Wu added, the proportion of overseas business to reach only 60-70% of normal.

Increasing its investment in the brand at the same time, President Wu Changjiang, said that this year will be planned in many Asian countries, new stores and outlets, including plans in Saudi Arabia 、 Jian Pu Village 、 Myanmar and India to add 5 two stores and 30 outlets.