In addition, the company has set up two new facilities in first six months of 2012, with a commercial production plant for ChromaWhite products in Romsey and an LED fixtures manufacturing plant in Wales.
Furthermore,PhotonStar has also completed construction of a new trade facility at a cost of ￡1.3m, which will support its working capital requirement.
Expectations for the second quarter of 2012 for the company are high, with the Board stating that growth will be “driven by the lighting market’s transition to LED lighting”, and in looking further, seeing “2013 as a year of significant growth”.
The strategy involves reviewing the mission of the corporate R&D division, transferring “themes” and personnel to their relevant business domains within Panasonic.
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