On February 9, 2012, China's major non-bank financial leasing institution, Minsheng Financial Leasing Co., Ltd. (MSFL), established a strategic alliance with MOCVD leader Aisiqiang Co., Ltd. to jointly develop the MOCVD equipment financial leasing market in China.
The newly signed agreement confirms the establishment of a strategic alliance between the two parties. Ai Siqiang provides MOCVD equipment to Chinese customers with the assistance of Minsheng Financial Leasing. Mr. Wang Feng, President of the Financial Leasing Division and Wolfgang Breme, Chief Financial Officer of Aisiqiang Co., Ltd. attended the signing ceremony and signed a memorandum of understanding at the Beijing headquarters of Minsheng Financial Leasing Co., Ltd. today.
“By establishing this exciting strategic alliance, Chinese LED manufacturers will get the best financial services when purchasing MOCVD equipment,†said Ms. Wang Rong (Executive Vice President of Minsheng Financial Leasing), “In China, due to finance There are still some limitations in the service, and it is expected that this news will be very positive.†LED technology plays an important role in global energy conservation, so the industry has been included in the long-term development focus in China’s 12th Five-Year Plan. One of the industries (energy saving, environmental protection, new materials).
“The MOCVD equipment leasing business is a relatively new concept in China, and we are convinced that this concept will be widely recognized by LED manufacturers.†Wolfgang Breme added, “Cooperating with the largest and fastest growing leasing company in Asia. Significant for us, which will enhance the financial flexibility of our customers."
Ai Siqiang President and CEO Paul Hyland said: "Ai Siqiang's significance and commitment to China is to provide the key equipment technology needed for China's LED lighting market with the advantages and expertise of Ai Siqiang. We cooperate with people's livelihood. The goal is to support Chinese manufacturers with the most appropriate financial products when they are trying to become global companies in this emerging market."
In 2010, China's LED market showed an annual growth of 45%1 and is expected to increase its annual output value from RMB 120 billion in 2010 to RMB 500 billion during the “Twelfth Five-Year Plan†period, with an overall growth of 317%2. Facts have confirmed these predictions. In 2011, China became the largest buyer of MOCVD equipment with 58% of global orders.
ASI's current MOCVD portfolio includes CRIUS II-XL (near-coupling sprinklers) and AIX G5 HT (planetary reactors), which not only cater to customers' current market needs, but also meet future market expectations. .
The newly signed agreement confirms the establishment of a strategic alliance between the two parties. Ai Siqiang provides MOCVD equipment to Chinese customers with the assistance of Minsheng Financial Leasing. Mr. Wang Feng, President of the Financial Leasing Division and Wolfgang Breme, Chief Financial Officer of Aisiqiang Co., Ltd. attended the signing ceremony and signed a memorandum of understanding at the Beijing headquarters of Minsheng Financial Leasing Co., Ltd. today.
“By establishing this exciting strategic alliance, Chinese LED manufacturers will get the best financial services when purchasing MOCVD equipment,†said Ms. Wang Rong (Executive Vice President of Minsheng Financial Leasing), “In China, due to finance There are still some limitations in the service, and it is expected that this news will be very positive.†LED technology plays an important role in global energy conservation, so the industry has been included in the long-term development focus in China’s 12th Five-Year Plan. One of the industries (energy saving, environmental protection, new materials).
“The MOCVD equipment leasing business is a relatively new concept in China, and we are convinced that this concept will be widely recognized by LED manufacturers.†Wolfgang Breme added, “Cooperating with the largest and fastest growing leasing company in Asia. Significant for us, which will enhance the financial flexibility of our customers."
Ai Siqiang President and CEO Paul Hyland said: "Ai Siqiang's significance and commitment to China is to provide the key equipment technology needed for China's LED lighting market with the advantages and expertise of Ai Siqiang. We cooperate with people's livelihood. The goal is to support Chinese manufacturers with the most appropriate financial products when they are trying to become global companies in this emerging market."
In 2010, China's LED market showed an annual growth of 45%1 and is expected to increase its annual output value from RMB 120 billion in 2010 to RMB 500 billion during the “Twelfth Five-Year Plan†period, with an overall growth of 317%2. Facts have confirmed these predictions. In 2011, China became the largest buyer of MOCVD equipment with 58% of global orders.
ASI's current MOCVD portfolio includes CRIUS II-XL (near-coupling sprinklers) and AIX G5 HT (planetary reactors), which not only cater to customers' current market needs, but also meet future market expectations. .
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