Dubai - Lite-Tech Industries, a subsidiary of Masharie LLC – the private equity arm of Dubai Investments PJSC [DFM: DIC] and a joint venture with Philips Lighting BV, has inaugurated the first-of-its-kind complete LED fixtures manufacturing unit in the region, reinforcing its leadership in the energy-efficient LED lighting segment.
This manufacturing unit was inaugurated in the presence of Chairman of the Board of Directors of Lite-Tech Industries, Abdulaziz Bin Yagub Al Serkal, Board members of Masharie & Philips and company officials.
Lite-Tech Industries, which has 23 years’ expertise in the sector, also announced that the new facility at its factory in Ras Al Khor Industrial Area in Dubai will manufacture nearly 400,000 LED fixtures in the first year. Built with an investment of AED 3 million, the company plans to scale up its capacity to nearly to 600,000 LED fixtures by 2019.
With the new capabilities, Lite-Tech will manufacture customized LED chips and components and assemble them in various printed circuit boards and fixtures for both indoor and outdoor applications across the entire span of verticals – from industrial to commercial to retail to world-class quality standards, in the UAE.
The LED luminaires from Lite-Tech lead to up to 85% savings, compared to traditional conventional incandescent and fluorescent bulbs. The new line offers 100% locally-made LED luminaries including down lights, panel lights, spot lights, cove lights and ceiling lights in indoor segment and high bays, flood lights and street lights in outdoor segment. Customers now can have a product with warranty of up to 7 years and 100% peace of mind for quality & performance and security of investments.
Khalid Nashashibi, General Manager of Lite-Tech Industries, said: “The new LED manufacturing unit is a significant step forward for Lite-Tech Industries in the LED lighting segment, which prioritizes energy-efficiency, sustainability and operational cost reduction for clients. The facility is equipped to manufacture the complete range of LED Luminaries using best international LED chips and components to meet different wattage, price range and customizations for both indoor and outdoor lighting requirements. The new facility reinforces Lite-Tech’s commitment to energy-efficient products in line with UAE government’s sustainability initiatives.”
Lite-Tech’s in-house R&D team design circuits and PCB prints using LED chips from international suppliers such as Philips, Nichia and Seoul, as also drivers/gears made by Philips, and other molds of down lights. LED fixtures not only offers high brightness and power efficiency but also lower carbon emissions compared to traditional lighting technologies.
The new facility comes amidst growing market for the LED segment, surging by approximately 10% year-on-year. Regionally, LED takes up about 20% to 30% of the lighting industry, but it is still way below the global average of approximately 70% market share it enjoys.
On an average, LED tubes have a significantly longer life span of 60,000 hours, compared to a traditional fluorescent tube lasting down to 5,000 hours. LED lights also have a wider optimum temperature range which reduces cost of the repurchase and maintenance besides cutting down on the electricity bills.
The company has also announced plans to expand its geographical footprint to Africa to tap into the burgeoning demand for lighting solutions in the continent. This is part of an outreach by the company to tap into new revenue streams which also include partnerships with developers & contractors & all lighting distributers in trading industry.
About Lite-Tech Industries LLC
Lite-Tech Industries LLC is a joint venture between Masharie, a subsidiary of Dubai Investments PJSC, and world renowned Philips Lighting BV. A pioneer manufacturing and marketing company providing lighting fixtures for markets in the Middle East and Africa, Lite-Tech Industries has consolidated its presence in local and international markets since it was first established in 1991. Lite-Tech products include outdoor lighting fixtures; indoor recessed lighting and indoor surface mounted lighting fixtures. Lite-Tech is equipped to provide computer aided lighting design and project specification support for various lighting applications. Winner of the Dubai Quality Appreciation award, the company's products have been tested and approved by the British Standards Laboratories.
© Press Release 2016