China Electric Injects US$30 million to Form New Plant in Xiamen

Recently, Taiwan’s No.1 lamp maker, China Electric Mfg. Co., Ltd.,has annonuced to inject US$30 million to form a new company in Xiamen of mainland China to manufacture general lighting fixtures, LED lamps and lithium iron phosphate battery packs.

The new company will turn out 200,000 systems of lighting fixture a month in the initial stage mainly for Taiwanese-invested factories and offices in Xiamen.

According to China Electric, the new venture will generate revenue up to RMB50 million (US$7.8 million at US$1:RMB6.4) a month in the first operating year.

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