Iran, China to build joint LED lamps plant
By Trend
Iran and China plan to jointly build a factory in the north
western city of Meshkinshahr in Ardabil Province to produce LED
lamps, the governor of the province said.
"Iran, in cooperation with Chinese investors, will launch a
production unit in the province’s industrial town to manufacture
LED lamps," Akbar Samadi said.
He added that the factory needs 100 billion rials of finance to
come on steam and China will supply this, IRNA news agency
reported.
Samadi further said that jobs for more than 200 people would be
created with the completion of the first phase of the factory.
"Chinese investors are trying hard to open the factory and produce
nearly 12,500 LED lamps per day," he said.
The construction of the company is aimed at reducing the import of
LED lamps to the country and creating more jobs.
More than 2,000 tons of LED lamps worth $19 million were imported
into Iran during the last fiscal year (March 2017-18), figures
released by the Islamic Republic of Iran Customs Administration
show.
China, Germany, the UAE, Turkey and South Korea were the main
exporters.
LED lamps use light-emitting diode and have a lifespan and
electrical efficiency that are several times greater than
incandescent lamps. These are significantly more efficient than
most fluorescent lamps.
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