Triumph Acquires Stake in High Tech Plastics
Royal Philips Electronics of Amsterdam, the Netherlands, has sold a 90 percent stake in its High Tech Plastics Optics business in Suzhou, China, to Triumph Pan-Pacific Capital Limited of Hong Kong. High Tech manufactures plastic lenses used in camera phones, in CD and DVD readers, and in scanners. Royal Philips said that the sale will allow it to focus on its health care, lighting and consumer lifestyle activities.
MORE FROM PHOTONICS MEDIA