Ningbo Shuyuan completely stopped production? The company responded in this way...

In the current stage of fierce competition in the lighting industry, it is not uncommon for companies to close down. However, the news of the suspension of production in a recent company has shaken the industry. It was once the famous giant in the field of high-power outdoor lighting--Ningbo Liaoyuan Lighting Co., Ltd. posted an announcement on December 9th. Due to serious difficulties in operation, it was decided to suspend production on December 9th. The salary of employees will be December 20th. Issued to the salary card a few days ago. All employees are required to complete the procedures and replace the notice and compensation fees before December 16. The company issued the "Ningbo City Employer Termination (Rescuing) Labor Contract Certificate" to all employees, and will stop paying all employees' social insurance before December 20.

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According to public information, Ningbo Liaoyuan Industrial Group mainly produces and operates high-power LED lighting and special steel poles. Its main products cover high-power LED outdoor lighting, garden lights, factory lights, tunnel lights, explosion-proof lights, landscape lights and so on. With total assets of 2 billion yuan and more than 1,700 employees, it is a large-scale lighting manufacturer in China. Its LED street lamps are mainly exported to Germany, the Netherlands, Australia and other countries. The group owns Ningbo Liaoyuan Industrial Co., Ltd., Ningbo Liaoyuan Lighting Co., Ltd. and Sugawara Anshan Industrial Co., Ltd.

Ningbo lighting enterprises are mostly export-oriented, and Ningbo Shuyuan has also occupied a place in the LED street lamp export. According to data from the Institute of Advanced Industrial Research, LED Research Institute (GGII), the annual export volume of Ningbo Liaoyuan in 2016 was 4.641 million US dollars. From January to November 2017, the total export volume reached US$4.545 million. Among the TOP10 enterprises in the domestic LED street lamp export announced by GGII, Ningbo Liaoyuan ranked sixth in 2016 and January-November 2017.

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Ningbo Liaoyuan 2016 street lamp exports

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Ningbo Liaoyuan Street Light Exports from January to November 2017

As a large-scale enterprise in the domestic lighting industry, it is really regrettable that it collapsed overnight.

However, recently, Ningbo Liaoyuan Lighting Co., Ltd. stated that: Ningbo Liaoyuan Lighting Co., Ltd. is an old company. It did announce the suspension of production some time ago, but this does not mean that the business of Ningbo Liaoyuan Lighting has been terminated, but a restructuring within the company. The personnel, equipment, products, patents and trademarks of the old company were all transferred to the new company. The restructured company was “Ningbo Liaoyuan Lighting Co., Ltd.”.

Gaogong LED found that Ningbo Liaoyuan Lighting Co., Ltd. was registered on October 13, 2010, and the legal representative showed Luo Shengjun. The person previously served as a senior executive at Ningbo Liaoyuan Industry. According to the data, the legal representative and chairman of Ningbo Liaoyuan Industry was served by Shao Yunhuan. On August 3, 2017, the legal representative was changed to Liu Yongji. At the same time, Shao Yun Steam is the legal representative of Ningbo Liaoyuan Guarantee Co., Ltd.

According to the Ningbo Liaoyuan lamps, the new company has been operating normally, and the employees are working normally. The address is at the location of the old company Ningbo Liaoyuan Lighting Co., Ltd. At present, most of the old company's personnel have been transferred to the new company, the formalities have been basically completed, and these employees can go to work next Monday (December 18). This restructuring is mainly the adjustment of the company's internal staff, and the external customers are all normal.


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