Skip navigation
Newswire

Philips to invest in German headlights centre

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.