Light bulb maker to invest in Venezuela

VGP - The Điện Quang Electric Bulb Joint-stock Company has signed a deal to build a compact light bulb factory with an annual capacity of 74 million units in Venezuela.

May 24, 2011 5:48 PM GMT+7

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Under the contract, signed with PDVSA Industrial, Điện Quang will be responsible for the whole investment and completely transfer its technology in light bulb production to the Venezuela partner by 2017.

In 2009, Điện Quang won a contract to export 10 million light bulbs to this South American market.

The company is one of the first Vietnamese businesses to receive certificates for its products that meet European Comformity (CE) marking standards, European Restrictions of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment and the UL Standard for Safety of the US . They are conditions for light bulbs to take a foothold in Europe and the US.

Light bulbs of the Điện Quang trademark are now available in the Republic of Korea, India, Bangladesh, Brazil, Cuba, Jordan and Mexico, in addition to the traditional markets of Myanmar and Egypt./.