News Article
Aixtron takes a new approach to its MOCVD business
A new agreement with MSFL , one of China’s main non-banking financial institutions, will enable Aixtron to promote the leasing of its MOCVD equipment to customers across China
Minsheng Financial Leasing (MSFL) and Aixtron SE, have announced a strategic alliance for joint marketing of leasing options in China.
Feng Wang, CPO, President of Finance Leases SBU MSFL, and Wolfgang Breme , CFO Aixtron, signed the Memorandum of Understanding at a ceremony held at MSFL’s headquarters in Beijing.
Minsheng and AIXTRON Form Strategic Alliance at Signature Ceremony
“This exciting strategic cooperation will enable LED manufacturers to draw upon the most appropriate financing opportunities for the acquisition of key-enabling MOCVD equipment,” commented Rong Wang, CFO of MSFL. “Due to temporary restrictions in China in the availability of financing, this news is expected to be received very positively.”
LED technology plays an important role in the global aspiration to conserve energy and has been defined as one of the key industries (energy conservation/environmental protection, new materials) in China´s 12th 5-year plan aiming to ensure long-term prosperity.
“The leasing of MOCVD equipment in China is a relatively new concept, and we are confident that this initiative will be widely appreciated by LED manufacturers,” added Wolfgang Breme. “This cooperation, with one of Asia's largest and fastest growing leasing companies, is significant for us because it enhances our customers’ financial flexibility.”
“Aixtron’s role and commitment to China is to deliver the essential key-enabling technology, that the emerging LED lighting market needs, taking full advantage of Aixtron’s technology and embedded expertise,” Paul Hyland, President and Chief Executive Officer at Aixtron, commented. “Our joint goal with Minsheng is to facilitate the most appropriate financial instruments to support Chinese manufacturers as they strive to become global players in this exciting new market.”
According to Internal Market Research Analysis, GBRA / MBL, China, November 2011 China’s LED market showed extensive annual growth of 45% in 20101. It is expected to grow in output value from CNY 120 billion ($19.05 billion) in 2010 to CNY 500 billion ($79.4 billion) during the course of the 12th 5-year plan, representing a total growth of 317%.
Aixtron says these significant projections reflect the fact, that in 2011, China was the biggest single regional buyer of MOCVD equipment, accounting for 58% of all global shipments within that period.
