22 September 2010


Mitsubishi Chemical investing $175m to expand from 40 million to 100 million LEDs per month

Mitsubishi Chemical Corp plans to invest ¥15bn (about US$175m) in high-brightness LED (HB-LED) production equipment by March 2016, reports Japan's Nikkei newspaper.

According to the article, by fiscal 2012 Mitsubishi Chemical will install a production line at its factory in Ibaraki prefecture, northeast of Tokyo, as well as also starting mass production of gallium nitride substrates for LEDs.

The firm will reportedly increase its LED component production capacity by 250%, from 40 million to 100 million units per month.

Earlier this week, Mitsubishi Chemical announced that it had begun selling its Verbatim brand of LED light bulbs in the European market (after exhibiting them earlier this month at the IFA 2010 consumer electronics show in Berlin, Germany). The products will next be introduced in America, followed by the Asia-Pacific area (including Japan).

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