Feile Audio expands Brazilian lighting market with PPP mode

Feile Audio announced today that Shanghai Yaming Lighting Co., Ltd., a wholly-owned subsidiary of the company, signed the “Brazil Urban Road Lighting Renovation Agreement” with CLD Group on June 20, local time, and signed the letter of intent with LINA Technology Solutions Group. It is planned to cooperate in the construction, control and maintenance of public lighting and the promotion of related research and development through PPP (public-private partnership). At present, CLD Group has carried out advanced business in more than ten cities in Brazil. In the next six months, CLD Group will assist Yaming Company to undertake road lighting renovation projects in these cities, which is expected to be about 450,000 baht. In addition, Yaming will establish a partnership with the LINA Group to strengthen the alliance. The LINA Group has now carried out advanced operations in various federal units, with a total of approximately 860,000 in addition to other projects. According to the research report, the value of the Brazilian public lighting market is estimated to be R$ 22 billion (approximately RMB 44.54 billion), and the industrial lighting market is expected to be R$ 18 billion (approximately RMB 36.44 billion). Feile Audio said that this cooperation is part of the company's internationalization strategy, which is conducive to the promotion of the company's Asian brand LED and other lighting products in the Brazilian market, which helps to enhance the company's brand image. (阮润生)

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