Russia encourages Chinese companies to set up LED factories in Russia


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Gruzdev Alexey, the representative of Trade Representation of the Russian Federation in the People's Republic of China, said in Russian and the CIS countries' Lighting Market Analysis and Channel Strategy Conference that "In lighting products, China has always been the largest supplier of Russia." Along with Russian accession to WTO, prohibition of sale incandescent bulb, Winter Olympics in Sochi this year and World Cup in 2018, Russia has great demand on LED lighting. Russia welcomes the strength Chinese enterprises to participate the LED renovation projects for public institutions of Russia and CIS countries, large industrial and mining enterprises, sports stadiums and others.

According to Gruzdev Alexey's introduction, Russian LED industry was developed rapidly last year, the growth rate is 250%, and LED lighting accounted for 10% of market share. Data shows that the Russian LED bulb sales in 2013 are 1 billion units, with total sales of 40 billion rubles (about 1.11 billion US dollars). As the Russian government introduced a series of measures to promote energy-saving light sources, it is expected that Russia LED lighting market share will increase to 35% of whole lighting industry in 2016.

Last year, Chinese LED products export to Russia and CIS countries is $ 800 million, which Russia accounted for 75.74%. China LED products accounted for more than 40% of Russian market.

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Russia encourages Chinese companies to set up LED factories in Russia