British media said German lighting giant Osram's net income is expected to surge

by：ALLTOP 2021-04-07

British media said that German lighting giant Osram's net income is expected to surge. According to reports, since the spin-off from Siemens earlier this year, it has been affected by the benefits of reconstruction projects and the sale of joint venture stocks. By the end of this year, Osram's net income reached 10,000 euros (approximately). (100 million yuan), the company’s loss last year amounted to 100 million euros. Osram is in the process of gradual adjustment, slowly transitioning from traditional bulb production to emerging technology production, such as LED products. On the day of the month, the company said that it has cut a number of positions (about% of all positions), saving total expenses of up to 100 million euros. Reuters pointed out that among the remaining Osram factories, only two factories in Regensburg, Germany and Penang, Malaysia are producing LED lighting. Osram will invest more than 100 million euros to open a new factory in China to increase its sales in the rapidly growing Asian market. At the same time, South Korea’s Samsung Electronics and Japan’s Toyoda Gosei are also actively competing with industry leaders-Philips, Osram and General Electric.