NEWS
Havells in £32m joint venture with Chinese lamp maker

Havells India is joining forces with Shanghai Yaming Lighting, a leading Chinese lighting company, in a 50:50 joint venture

The partners will invest £32 million in a factory in Jiangsu Province, China, where they will develop light sources including LED, CMIs and HIDs as well as light fittings.

The joint venture will be called Jiangsu Havells Sylvania Lighting, and aims to improve the efficiency and reduce the cost of products on the local Chinese market as well as supplying global markets through Havells Sylvania’s wider network.

Turnover is expected to be £65 million over three years.

Nick Farraway, head of Europe for Havells Sylvania, said: ‘This is an important milestone as we continue to build our lighting portfolio across Europe and beyond.

By blending our technical and innovative expertise with best-in-class manufacturing practices, we’re confident that this joint venture will lead to a strengthening of our Chinese and global operations.’

Jinwei Liu, Yaming chief, added: ‘We are delighted to form this joint venture with Havells and are impressed with its global vision and growth plans.’

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