ge照明，ge照明退出亚太声明

GE Lighting, GE Lighting Withdraws from Asia-Pacific Market

1. The Background of GE Lighting Exiting the Asia-Pacific Market

In June of last year, GE announced the sale of its lighting business in an internal email. Chinese companies have driven down the price of lighting, leading to lower profit margins in the LED industry. GE Lighting operates in China through channels and outsources its production to Chinese companies. With intense competition in the lighting market, profit margins have been shrinking.

2. International Lighting Giants Shrinking Business Fronts

Following in the footsteps of Philips and Osram, GE Lighting, another international lighting giant, seems to be contemplating an exit from the Asia-Pacific and Latin American markets. Rumors suggest that GE Lighting's CEO revealed intentions to withdraw from these regions in an internal email.

3. GE's Financial Outlook and Lighting Business Sale

During the financial report call in April-June 2018, GE's CFO Jamie Miller announced plans to sell the lighting business within the year. The company's electrical lighting division had annual revenues of over 1 billion.

4. Controversy Surrounding GE Lighting's Exit from the Asia-Pacific Market

GE Lighting's decision to cease all direct commercial activities in Asia and Latin America has sparked controversy. Some employees in China were reportedly laid off according to the minimum standards of the Labor Law. However, GE China stated that the decision was purely business-driven and not a reflection of the performance of its Chinese team.

5. GE's Focus on LED Technology and Future Plans

As part of its business portfolio restructuring, GE is moving away from traditional lighting technologies and focusing solely on LED. Current, a Daintree company under GE, is planning a re-entry into the Chinese lighting market. They are set to collaborate with local partners to bring innovative LED solutions to the region.

In summary, GE Lighting's decision to exit the Asia-Pacific market comes after years of facing challenges in the industry. The company's shift towards LED technology reflects the changing dynamics of the lighting market globally. Despite the controversies surrounding the exit, GE's plans for the future suggest a renewed focus on innovation and strategic partnerships in the lighting sector.

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