where consumers are also concerned about energy efficiency

Our components will be highly affordable in Malaysia and in our key markets; Japan, China, South Asia and the led high bay light continent.  This will also open up new opportunities in Europe and the U.S. where consumers are also concerned about energy efficiency and the payback period.”

MyLED also signed a joint venture agreement with My LED Lanka (Pvt) Ltd of Sri Lanka to penetrate into the South Asian market.  In addition, MyLED sealed sales MoUs with eight distributors and agencies in Taiwan and Malaysia.

Lai also said, “We are very excited about our first overseas investment. MyLED Lanka (Pvt) Ltd is a joint venture company which will cater to the South Asian consumers. We will set up a manufacturing plant and a centre of distribution in Colombo. The plant which is expected to be operational in the first quarter of 2012 will initially produce 30,000 pieces of SSL per month. By 2014, we expect to manufacture 100,000 pieces monthly.

“By virtue of proximity to the market, we will be able to provide quality products at affordable prices and provide good after sales services. Over the next five years, we expect sales of SSL and led linear high bay light to be in excess of RM200 million.”