Philips Expands in China Market, Strategically Anchors to ‘Value-Driven Innovation’

Philips is strengthening its strategic positioning of “In China, For China, Benefit Global” through multidimensional actions. On April 27, the reopening of Philips Vikan Shenzhen production base was announced. The upgraded investment in this base will focus on high complexity, high value-added processes, undertaking core functions such as new product introduction, precision manufacturing, and automation technology research and development, with products distributed to global markets including North America, Europe, and Asia-Pacific. Philips CEO Frans van Houten, during his visit to China on April 28, expressed the commitment to deepen roots in China, driving more advanced technologies and products from China…