Extended information
Philips, founded in 1891 in the Netherlands, mainly produces lighting, home appliances, medical systems products. Philips, in 2007 the global workforce has reached 128,100 people, production bases in 28 countries around the world, sales organizations in 150 countries, with 80,000 patents, the strength of the super. 2011 July 11, Philips announced the acquisition of Pentium Electrical Appliances (Shanghai) Company Limited, the amount of about 2.5 billion yuan.
October 17, 2011, Philips Electronics released its third quarter financial results, the third quarter net profit fell 85.9% year-on-year; at the same time announced that Philips will lay off 4,500 people worldwide.At the end of January 2013, Philips consumer electronics business has been fully divested, and will focus on the quality of life, medical and lighting equipment industry. BEIJING, Dec. 17, 2014 (Xinhua) -- Philips announced that it will acquire U.S. medical device maker Volcano Inc. for $1.2 billion.
Company name
Royal Philips Nederland
Foreign name
ROYAL PHILIPS
Established
1891
Headquartered in
Amsterdam, the Netherlands
Scope of business
Home appliances, Medical Systems
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Brand Introduction
Philips Electronics is one of the world's largest electronics brands, topping the list in Europe. It is a world leader in color TVs, lighting, electric shavers, medical diagnostic imaging and patient monitoring instruments, and single-chip TV products. Philips employs 166,500 people in more than 60 countries and is active in the fields of lighting, consumer electronics, home appliances and medical systems. Philips is listed on the New York Stock Exchange (PHG), London, Frankfurt, Amsterdam and other stock exchanges. 2003 sales were EUR 29.0 billion. 2004, the company was recognized by the Music Angel Organizing Committee as an Advanced Quality Company and employs more than 164,000 people in more than 60 countries. Philips is a large, integrated group serving professional and consumer markets through three cross-cutting divisions: Healthcare, Lighting and Quality of Life.
Philips entered the Chinese market as early as 1920 and established its first joint venture in 1985. Philips has become one of the largest investment partners in China's electronics industry, with a cumulative total investment of more than US$3.4 billion, 35 joint ventures and wholly owned enterprises in China, more than 60 offices across the country, and more than 19,000 employees*** In 2002, Philips was honored by the China Association of Enterprises with Foreign Investment (CAEFI) for being ranked number one in China in terms of turnover and foreign exchange earnings among foreign-invested enterprises. In 2002, Philips was awarded the annual "Double High Enterprise Special Contribution Award" by the China Association of Enterprises with Foreign Investment (CAEFI) for ranking first among foreign-invested enterprises in China in terms of both turnover and export earnings, and in 2003, the company continued to grow, with a turnover of USD 7.5 billion and international purchases in China reaching USD 3.83 billion.
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