Hong Kong-based Wai Chi Holdings Ltd. Sets Up New Facility in Changzhou Hi-Tech District, China
Source/Type:  LIGHTimes Online - News - Staff reports

Author: LIGHTimes News Staff

January 28, 2010... Changzhou, China's National Hi-Tech District announced that Hong Kong-based Wai Chi Holdings Ltd. started construction of a new facility in Changzhou Trina Photovoltaic Industry Zone in December 2009.

Wai Chi Holdings Ltd. established Wai Chi Electronics (Changzhou) Ltd. in 2005 in Changzhou National High-Tech District with registered capital of US$20 million. Wai Chi Electronics of Changzhou was to engage in the production of pure green, blue, white and other high-end SMD LED and high-power LED products.

Wai Chi Electronics features a provincial-level LED Research and Development center. It has an annual production capacity of 480 million LED and 12 million backlight products. The company's sales revenue reached RMB60 million in 2008. Yao Zhitu, Chairman of Wai Chi Holdings Ltd., said that the Changzhou National Hi-Tech District was selected for its excellent investment environment.

Wai Chi Holdings decided to expand production capacity to meet market demand. As part of the expansion, the holding company developed off-site expansion projects including building a new facility in the Trina Photovoltaic Industry Zone in Changzhou. The facility has a floor space of 85 acres. The first phase of the project covers a construction area of 30,000 square meters. The company says that once completed, the project will be able to produce 2 billion SMD LED and high-power LED products, 20,000 LED lighting products and 80 million LED backlights every year, with annual added sales revenue of RMB200 million. Wai Chi Holdings Ltd. has production bases in four cities across the Chinese mainland and employs over 4,500, mainly engaged in producing LED backlight, LED lightning, LED display products, etc.... Wai Chi Holdings News Release

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