South Korean LED manufacturer Lumens swings Japan to challenge triple jump

Japanese media SankeiBiz reported that South Korean LED manufacturer Lumens announced on the 5th that it will join hands with Japan's TN Holdings to enter the Japanese LED market. The two parties will jointly develop LED demand for Japanese lighting, automotive and display. This year's (2015) revenue target is 500 million. The yen (equivalent to RMB 26 million) and plans to significantly expand its revenue to 2 billion yen (about 104 million yuan) in 2016.

According to reports, Lumens and TN respectively invested 51% and 49% of the "Lumens Japan" business started on the 5th, mainly responsible for selling LED lighting equipment, electronic components and other products.

According to the report, Lumens was established in 2004 as the world's 8th largest LED manufacturer. Its LCD module/mobile phone backlight module has a monthly output of 500 million, making it the third largest manufacturer in the world.

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