Tokyo firm eyes $200-M LED factory in PH
MANILA, Philippines - A Japanese firm is now firming up talks with a local company for a possible partnership involving the establishment of a $200-million LED (light-emitting diode) factory in the country.
The Japan Environment Technology Development Co. Ltd. (Jented) and Tagaytay Mountain Peak Corp. (TMPC) were scheduled to sign a memorandum of agreement on Tuesday evening to pave the way for continuous exploration and discussions for the project.
Rod Cabrera, country representative of Jented, said the timeline for plant construction is in December this year, as soon as they have finalized site arrangements.
“The project will not only generate local employment but also put the country on the high-technology map in the lighting industry,” he said.
Kimihiko Kitahara, Jented executive director, said they are bullish on the prospects of the LED lighting business not only in the Philippines but also in the US, Europe and Asia, where they said they plan to export their products.
Jented is now considering a possible location in Laguna for the factory, which the firm envisions to become one of the world’s largest LED factories in the world, with a production capacity of around 1 million LED lights annually.
Cabrera said LED lights, although more expensive, are technologically superior compared to existing conventional lighting systems available in the market. They are more efficient (more lumens per watt), radiate less heat, shock-resistant (compared to the fragile nature of both incandescent and fluorescent lighting) and have longer life (up to 50,000 hours lifetime compared to incandescent’s 2,000 hours and fluorescent’s 15,000 hours max).
Cabrera said Jented’s lighting system “is much lighter than other brands, has longer life span than the average LED lighting system in the market and is user-friendly, meaning it doesn’t require an electrician for its installation.”
“We’re glad that we can offer the best production lighting technology as made in the Philippines and powered by Japan,” he said.
Output of the planned LED light factory will be both for the domestic and export markets, Cabrera said. Known for energy and lighting effiency, LEDs are widely used in solar-power lighting projects.