Dialight forms joint venture in Asia
Dialight, a producer of LED lighting technology, has established Dialight Asia, a joint venture (JV) with Lumina Holdings Systems based in Singapore.
Dialight, a producer of LED lighting technology, has established Dialight Asia, a joint venture (JV) with Lumina Holdings Systems based in Singapore.
This new business will be responsible for the promotion and sale of Dialight industrial white lighting products in South East Asia.
A number of staff will be transferred from Lumina and further employees will be recruited through the JV to enable to business to take full advantage of new opportunities within key oil and gas markets in the region as they arise.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The venture will be largely supplied from Dialight's new facility in Penang, Malaysia, where much of the business will be addressed.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
My 8% Nationwide regular saver has matured - what are my options?
The building society’s popular 8% account is maturing for many savers. Should you stick with Nationwide or move to a competitor?
By Ruth Emery Published
-
How your investment portfolio could benefit from a UK homebuilding boom
News Asset managers have committed funds to address the UK’s housing shortage but is it worth building this into your investment portfolio?
By Marc Shoffman Published