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Russia attracts Chinese LED companies to set up factories in Russia
On August 16th, the representative of the Russian Federation’s representative office in China, Grudev, said at the Russian and CIS National Lighting Market Analysis and Channel Strategy Conference held in Shenzhen on the 15th that Russia hopes to further improve the LED industry. Russia's total trade, and attracts China's advanced LED companies to set up factories in Russia. Grudev said that in 2013, the Russian LED industry developed rapidly, with a growth rate of 250%, and LED lighting accounted for 10% of the Russian lighting industry. According to statistics, in the lighting market in 2013, the sales volume of Russian LED bulbs was 1 billion, and the sales amount was 40 billion rubles. The Russian government has introduced a series of measures to promote energy-saving light sources. It is estimated that by 2016, LED lighting will account for about 35% of the Russian lighting industry. According to Grugeff, more than 50% of the Russian LED industry is imported. If the proportion of accessories is higher, reach 70%. Li Wenyu, Ph.D., of the Guangdong Institute of Emerging Industry Strategic Development, said that in 2013, China exported LED products to Russia and the CIS countries totaling 800 million US dollars, of which Russia accounted for 75.74%. China's LED products account for more than 40% of the Russian market. Grudev said that in the development of the LED industry, Russia's goal is that the first step is to increase the total trade of the Chinese and Russian LED industry. The second step is to attract Chinese advanced LED companies to set up factories in Russia. Yan Shirong, director of the Guangdong Semiconductor Lighting Industry Joint Innovation Center, said that the way Chinese LED companies enter the Russian market mainly through local distributors and contractors. As the volume of trade continues to expand, given the logistics costs and Russia's policy support for local products, Chinese companies will definitely set up factories in Russia in the future.