Malaysian Kelington Group Ltd. (KGB), a company that manufactures high-purity gases and chemical infrastructure, is looking to expand the Chinese LED market and earn more for the company. The group said that although Kelington has already provided some LED services in China, it still hopes to take advantage of the current trend of China's LED market growth and expand its service scope.
It is estimated that in 2015, the turnover of China's LED market will increase by 18.3% to reach US$2 billion. Second, Kelington is also optimistic about Taiwan's LED development prospects. Taiwan decided to spend NT$280 million to replace 326,000 mercury street lamps with LED lights within three years. The project is expected to generate a market size of NT$450 million for the LED lighting industry and reduce electricity consumption by 143 million kilowatt-hours per year.
It is estimated that in 2015, the turnover of China's LED market will increase by 18.3% to reach US$2 billion. Second, Kelington is also optimistic about Taiwan's LED development prospects. Taiwan decided to spend NT$280 million to replace 326,000 mercury street lamps with LED lights within three years. The project is expected to generate a market size of NT$450 million for the LED lighting industry and reduce electricity consumption by 143 million kilowatt-hours per year.
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