Signify NV ( (NL:LIGHT) ) has issued an announcement.
Signify and Dixon Technologies have announced a joint venture to enhance lighting product manufacturing in India, pending regulatory approvals. This collaboration aims to leverage Signify’s expertise in lighting technologies and Dixon’s manufacturing capabilities to produce high-quality, cost-competitive lighting products, aligning with India’s ‘Make in India’ initiative and potentially boosting both companies’ market positions.
More about Signify NV
Signify is a global leader in lighting for professionals, consumers, and the Internet of Things, known for its Philips products, Interact systems, and data-enabled services. With a presence in over 70 countries and a strong commitment to sustainability, Signify has achieved significant recognition in the industry. Dixon Technologies is a leading Indian company specializing in the manufacturing of consumer durables, lighting, and mobile phones, with a diverse product portfolio that includes LED TVs, home appliances, and lighting products.
YTD Price Performance: -1.17%
Average Trading Volume: 92,571
Technical Sentiment Signal: Buy
Current Market Cap: €2.65B
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