NVC Lighting UK Arm Unaffected By Parent Company Boardroom Dispute

News Source: 

Despite suspended production in one of its four major factories, China’s biggest lighting company NVC Lighting’s recent boardroom drama will have limited impact on its UK subsidiary, according to a report by Lighting.

Based in Birmingham, NVC Lighting’s UK arm emphasized the company operated independently from the Chinese parent company, and company operations will be unaffected.

The UK subsidiary also noted the Chongqing government in China was acting as a mediator to resolve the standoff between factory workers and the new company management.

A report by The South China Morning Post noted production had been halted at a factory based in Wanzhou, Chongqiang since Aug. 8,2014, after workers loyal to former company CEO Wu Changjiang refused to turn over the production site, which accounts for 25 to 30 percent of the company sales. It is believed 2,000 workers at the factory have been put on leave.

To prevent possible misuse of funds, the company has suspended Wanzhou factory bank account, however, it is believed employee salary were not affected.

Wu has repeatedly defied board’s decision and refused to relinquish his position as NVC Lighting CEO. In a company announcement on Aug. 8, 2014, the board informed the public of its decision to remove Wu from company CEO position. Elech-Tech International (ETI) Chairman Wang Donglei has been appointed by NVC Lighting board to stand in as interim CEO, and has resigned from his position as ETI President.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.
ams OSRAM’s OSIRE® E3731i and Stand-Alone Intelligent Driver (SAID) use OSP license-free protocol to connect color LEDs, sensors and microcontrollers. ams OSRAM, a global leader in intelligent emitting and sensing technologies, will... READ MORE

JBD, a pioneering MicroLED display manufacturer, has set a new standard with its Phoenix series microdisplay, achieving an industry-record white-balanced brightness of 2 million nits. JBD’s Phoenix - Native Monolithic RGB Panel Leveragin... READ MORE