Optimistic about the market of LED backlight in 2010, Huga has been actively raising capital to ramp up its LED capacity. The company plans to add 39 new sets of MOCVD equipment to expand its LED output to 2 billion units a month, according to the report. In addition, Huga has established a joint venture with Seoul Semiconductor of South Korea as part of its efforts to penetrate the Korean market for LED chips.
The manufacturing agreement will allow both companies to penetrate further into the outdoor lighting market in the Middle East and selected countries in Africa and will help them to service major clients in the region.
The first of its kind in Dubai UAE, the manufacturing partnership will combine the ingenuity of a UAE-based company with the leading-edge technology of Carmanah solar LED lighting solutions. The partnership will enable flexibility and responsiveness in meeting market demands while providing high-performing solar LED lighting solutions within a cost framework the market expects. With an increased ability to service the market with durable, reliable solar led high bay light, and providing increased job opportunities for Dubai residents, the manufacturing partnership will provide significant benefits for the partnering companies and the community.
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