News Article
Jiangsu Soul & Goolite merger to enhance LED market
The merger will enable Jiangsu to have its own LED chip packing line and LED power supply production line
In 2012, the European Union, Japan and Canada started to prevent the sale of incandescent bulbs. The United States also has a partial ban on incandescents. This should aid the growth of the global LED lighting market.
Although the European debt crisis has influenced the market, Australia, Russia, Brazil, India, China and other countries have performed well and the global LED lighting market is still flourishing.
Taking advantage of this situation, Jiangsu Soul Optoelectronic Technology Co., Ltd merged with Goolite optoelectronic Co., Ltd at the beginning of June this year, establishing a subsidiary company in Shenzhen in July.
The new company will incorporate the original team members of Goolite and acquire the Goolite brand. This consolidation should be a solid foundation for the global LED market.
Soul has more than ten chip packaging lines, power supply and lighting products lines, covering an area of 12,000 square metres and having more than 200 staff members and over 20 senior technical personnel in R&D.
The firm has had a long-term cooperative relationship with Fudan University and Suzhou University.
Soul says it has a distinct advantages in LED light source design, LED chip capsulation, LED power supply and intelligent controlling.
Although the European debt crisis has influenced the market, Australia, Russia, Brazil, India, China and other countries have performed well and the global LED lighting market is still flourishing.
Taking advantage of this situation, Jiangsu Soul Optoelectronic Technology Co., Ltd merged with Goolite optoelectronic Co., Ltd at the beginning of June this year, establishing a subsidiary company in Shenzhen in July.
The new company will incorporate the original team members of Goolite and acquire the Goolite brand. This consolidation should be a solid foundation for the global LED market.
Soul has more than ten chip packaging lines, power supply and lighting products lines, covering an area of 12,000 square metres and having more than 200 staff members and over 20 senior technical personnel in R&D.
The firm has had a long-term cooperative relationship with Fudan University and Suzhou University.
Soul says it has a distinct advantages in LED light source design, LED chip capsulation, LED power supply and intelligent controlling.
