OSRAM increases capital to build Wuxi Base Phase II Project

On April 19th, Li Xiaomin, member of the Standing Committee of the Provincial Party Committee and Secretary of the Municipal Party Committee, met with the chief operating officer of OSRAM Opto Semiconductors, Jiascha Altmans, and attended the signing ceremony of the second phase of the OSRAM Wuxi plant. Vice Mayor Gao Yaguang attended the event.

Li Xiaomin expressed his gratitude to Osram for his contribution to the economic development of Wuxi, congratulated the signing of the project, and briefly introduced the economic and social development of Wuxi. He said that OSRAM is one of the world's most innovative lighting companies and one of the world's two largest light source manufacturers. After years of development, the OSRAM Wuxi base project has maintained a good momentum of development and has become a model for economic and trade exchanges and cooperation between Wuxi and Germany.

The implementation of the second-phase capital increase and expansion project in Wuxi ahead of this time reflects Osram's high recognition of Wuxi's development performance and high recognition of Wuxi's development environment. It is hoped that Osram will start the construction of the second phase project as soon as possible, strengthen the scale and strength of Wuxi Company, and build Wuxi into a first-class optoelectronic semiconductor production base in China and even in Asia. Wuxi will provide quality services and create a good environment for the implementation of the project.

Li Xiaomin said that during the "Thirteenth Five-Year Plan" period, Wuxi's goal is to build a well-off society at a high level. One of the high-level connotations is that industrial development is moving toward the middle and high-end. For this reason, Wuxi will accelerate the construction of a modern industrial development system and build a domestic first-class, A new highland for the development of modern industries with international influence. In order to achieve this goal, Wuxi will fully expand its opening up to the outside world, actively seek cooperation with high-level multinational companies, improve the level of industrial development in the process of opening up, and expand the real economy in the process of speeding up transformation and upgrading. The leading industry of OSRAM is in line with the development direction of Wuxi industry. The successful implementation of the second phase will help to improve the R&D, production and service level of Wuxi LED and optoelectronic semiconductor industry. We attach great importance to the cooperation with Osram and look forward to deepening the cooperation and cooperation through the sincere cooperation of both parties, and continue to produce fruitful cooperation results.

Altmans thanked Wuxi Municipal Party Committee and Municipal Government for their support and support for OSRAM's development in Tin. He said that the first phase of OSRAM Wuxi Base is Osram's first LED packaging base in China, and its development has been very successful. This is inseparable from the strong support of Wuxi and Gaoxin District. The smooth implementation of the first phase of the project has deepened the trust between each other. This is the reason why OSRAM has implemented the second phase of the Wuxi Base's capital increase and expansion project ahead of schedule.

It is believed that with the implementation of the second phase of the project, OSRAM Wuxi will usher in a better development opportunity to better build a world-class optoelectronic semiconductor production base. It is hoped that with the joint efforts of both sides, the goal of starting construction in August this year and putting into production in early 2019 will be successfully achieved.

Headquartered in Munich, Germany, OSRAM is the world's leading lighting manufacturer with a history of more than 20 years. The expansion is aimed at expanding the production capacity of the back-end process of the existing Wuxi LED plant.

It is reported that the capital increase and expansion project plans to introduce a highly automated new production line, build a new 22,000 square meters clean factory, new packaging and testing equipment investment of 195 million euros, new sales income of 210 million euros, more than 2,000 new jobs.


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