GT Solar Lighting Business may Benefit from Sapphire Growth

Reportedly, GT Solar predicts its sapphire materials business will contribute about a tenth of its fiscal 2012 sales based on orders for general lighting applications pick up.

According to Cree's CEO’s opinion at the Reuters Global Energy and Climate Summit, LED lights need to pay back hefty investments a lot quicker before they go mainstream.

In opposite, GT Solar's CEO Tom Gutierrez, believes that as more capacity is brought on board, prices will fall, helping sales. In his opinion, the company's customers, centered in South Korea and China, were not averse to operating in a low-margin, high-volume environment.

As a result, Gutierrez expects will expand rapidly as incandescent and compact fluorescent light bulbs are replaced by LED bulbs.

The company expects the business to contribute $70-$90 million to its fiscal 2012 sales of more than a billion dollars.

Its sapphire business backlog then included new orders worth more than $184.2 million, of which just $10 million was related to sapphire material contracts, with the rest coming from the furnace and other equipment orders. But Gutierrez expects the demand for energy-efficient LEDs -- touted as the future of the lighting industry -- to grow despite the high investments required which have made its mass adoption slower than expected.
 

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.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE