Toshiba To Enter Europe

Toshiba Corp. plans to sign at least three partnerships in the next 12 months to manufacture lighting fixtures in Europe as it seeks to become the region’s third-biggest supplier of light-emitting diodes.

Recognising that the future of lighting lies in systems as opposed to components, Toshiba, which until 2009 only sold LEDs in Japan, plans to reach a top 3 spot in Europe by 2020, threatening the dominance of Royal Philips NV and Osram Licht AG in a global market forecast to reach $42 billion by 2019.

Read more at Bloomberg.

19 Mar