Philips Lighting, a Royal Philips (NYSE: PHG, AEX: PHIA) company have announced that they signed a partnership agreement with Beijing Oriental Technologies Ltd. (Beijing Oritech) on 11 May 2017 at the 19th Hortiflorexpo IPM show in Shanghai, China. The partners will cooperate closely on projects in the greenhouse segment. The partnership agreement was signed by Wu Shao Juan, vice general manager of Beijing Oritech, and Udo van Slooten, global general manager of Philips Horticulture LED lighting.
This partnership strengthens the ability of both partners to further develop the Chinese greenhouse market. By combining Philips innovative greenhouse lighting solutions with the professional greenhouse expertise of Beijing Oritech, the collaboration will allow Chinese greenhouse growers to quickly learn and adapt Dutch cultivation technologies to produce excellent crops year-round with professional service and support. The energy savings realized with LED grow lights will help the Chinese greenhouse industry make more efficient use of resources as well.