Osram spins off the market or strengthens the channel expansion of China's LED market
Siemens will officially spin off its subsidiary OSRAM in Germany on July 8. Analysts believe that after Osram's separate listing, it will be able to obtain more funds and a more flexible organizational structure to grasp the opportunities for the rapid spread of global LED lighting. It is expected that OSRAM will increase its efforts to expand the LED lighting market in the Chinese market.
Osram, one of the global lighting giants, was originally a wholly-owned subsidiary of Siemens. In November 2012, Siemens plans to spin off 80.5% of Osram's shares to shareholders and then let Osram stand alone. According to the spin-off plan, every 10 shares in the hands of existing Siemens shareholders will receive 1 share of Osram. After the spin-off, Siemens will still hold a 17% stake in OSRAM and Siemens Pension Trust will hold a 2.5% stake.
In January 2013, the annual shareholder meeting of Siemens AG passed the OSRAM spin-off listing plan at a rate of 98%.
Siemens estimates that by 2016 LED lighting will account for 45% of the global lighting market, with a revenue of about 99 billion euros; its share before 2020 will rise to 66%, and its revenue will be about 113 billion euros.
Dr. Zhang Xiaofei, director of the High-tech LED Industry Research Institute, told reporters that the Siemens system is huge, and the LED industry needs to respond quickly. For example, outdoor LED lighting requires high power, and the indoor market needs low-power products. After the spin-off, OSRAM can respond more quickly to market demand and invest more money.
"The LED chip industry is very 'burning money'." An Osram's middle-level backbone in China told this newspaper that the separation of Osram has been discussed for three or five years, and now it is finally achieved by spin-off, which is conducive to Osram's increased investment and consolidation. rank in the field.
In terms of sales revenue, Osram is currently second only to Philips and ranks second in the global LED lighting industry. Zhang Xiaofei believes that Osram's layout in China is slower than that of Philips. Although Foshan Lighting has been controlled, the results are not obvious.
In fact, OSL's LED layout in China has been accelerating in recent years. The above-mentioned OSRAM introduced in the middle of China that OSRAM's LED packaging factory in Wuxi is scheduled to start production in October this year; LED research and development center is also set up in Shenzhen; the output of LED lighting terminal products of Foshan factory is also coming up.
Zhang Xiaofei believes that after the spin-off of Osram, the competition of several major international lighting giants in China will become more intense, and the pressure on Chinese domestic LED chip companies will increase. "Global LED chip giants such as Philips, Osram, and Cree want to expand their sites, and the application market has become the focus of competition. OSRAM will also strengthen its channel expansion in China's LED lighting market."
According to foreign reports, after the split of Osram, the value of Siemens' stock may decline, and some institutional investors will be forced to sell immediately, causing Siemens to face "a considerable selling pressure."
However, Zhang Xiaofei expects that after the spin-off, once OSRAM will enlarge the “cakeâ€, it will benefit from the decrease in the shareholding ratio of Siemens. Moreover, Siemens has also returned a large amount of money. “Siemens was ready last year, and now the capital market is improving. At this time, the opportunity for spin-off financing is better.â€
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
Osram, one of the global lighting giants, was originally a wholly-owned subsidiary of Siemens. In November 2012, Siemens plans to spin off 80.5% of Osram's shares to shareholders and then let Osram stand alone. According to the spin-off plan, every 10 shares in the hands of existing Siemens shareholders will receive 1 share of Osram. After the spin-off, Siemens will still hold a 17% stake in OSRAM and Siemens Pension Trust will hold a 2.5% stake.
In January 2013, the annual shareholder meeting of Siemens AG passed the OSRAM spin-off listing plan at a rate of 98%.
Siemens estimates that by 2016 LED lighting will account for 45% of the global lighting market, with a revenue of about 99 billion euros; its share before 2020 will rise to 66%, and its revenue will be about 113 billion euros.
Dr. Zhang Xiaofei, director of the High-tech LED Industry Research Institute, told reporters that the Siemens system is huge, and the LED industry needs to respond quickly. For example, outdoor LED lighting requires high power, and the indoor market needs low-power products. After the spin-off, OSRAM can respond more quickly to market demand and invest more money.
"The LED chip industry is very 'burning money'." An Osram's middle-level backbone in China told this newspaper that the separation of Osram has been discussed for three or five years, and now it is finally achieved by spin-off, which is conducive to Osram's increased investment and consolidation. rank in the field.
In terms of sales revenue, Osram is currently second only to Philips and ranks second in the global LED lighting industry. Zhang Xiaofei believes that Osram's layout in China is slower than that of Philips. Although Foshan Lighting has been controlled, the results are not obvious.
In fact, OSL's LED layout in China has been accelerating in recent years. The above-mentioned OSRAM introduced in the middle of China that OSRAM's LED packaging factory in Wuxi is scheduled to start production in October this year; LED research and development center is also set up in Shenzhen; the output of LED lighting terminal products of Foshan factory is also coming up.
Zhang Xiaofei believes that after the spin-off of Osram, the competition of several major international lighting giants in China will become more intense, and the pressure on Chinese domestic LED chip companies will increase. "Global LED chip giants such as Philips, Osram, and Cree want to expand their sites, and the application market has become the focus of competition. OSRAM will also strengthen its channel expansion in China's LED lighting market."
According to foreign reports, after the split of Osram, the value of Siemens' stock may decline, and some institutional investors will be forced to sell immediately, causing Siemens to face "a considerable selling pressure."
However, Zhang Xiaofei expects that after the spin-off, once OSRAM will enlarge the “cakeâ€, it will benefit from the decrease in the shareholding ratio of Siemens. Moreover, Siemens has also returned a large amount of money. “Siemens was ready last year, and now the capital market is improving. At this time, the opportunity for spin-off financing is better.â€
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
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