LED lighting in Europe has been weak

Industry sources noted that the price drop of LED components has been easing but the price drop per quarter in the second half of 2012 continues to be around 5-10%. This is due to rising competition from China-based LED high bay light houses. In addition, due to the debt crisis, demand for LED lighting in Europe has been weak. Nevertheless, demand in Japan in the second half of 2012 continues to increase.

Edison Opto stated that due to inventory accounting procedures for the year-end balance sheet, performance in the fourth quarter of 2012 is likely to be flat or show a 10% decrease. Also, demand in the first quarter of 2013 is unclear.

To comment on the strategic alliance formed by Formosa Epitaxy and Sanan Optoelectronics, Edison Opto noted that currently, the firm has yet to meet a suitable cooperation partner. The firm plans to continue expanding cooperation with downstream lighting fixture firms, which may include China-based firms.

 As an avid promoter of green tourism in Bali, former tourism minister I Gede Ardika, who is now a member of the World Committee on Tourism Ethics at the United Nations World Tourism Organization (UNWTO), said: “Saving energy and water and other scarce resources, as well as reducing the production of waste, are among the ways to realize sustainable tourism in Bali.”