Philips to invest in German headlights centre

Newswire

AMSTERDAM, March 23 (Reuters) - Dutch company Philips Electronics will invest about 30 million euros ($36.19 million) in its car headlight centre at Aachen in Germany, it said on Thursday. Philips said in a statement the investment would pay for an ultra-modern production line for its Xenon car headlamps, enabling it to meet increasing demand and strengthen its position as the world's biggest supplier of such lights. Philips said its Xenon lamps -- which rely on a gas-discharge arc rather ...

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