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Electronics Production | September 22, 2009

Philips increase investment in China, India, Russia & Brazil

The Netherlands-based company Philips will increase its investment into countries such as China, India, Russia and Brazil this year.

Philips is planning to increase the investment in these countries by 27% during this fiscal year - compared to the same period last year. BRIC and other growing markets - such as Poland, Ukraine, Turkey and the Middle-East - already stand for 1/3 of its revenues, said timesnow. By 2015, Philips hopes that these markets will stand for 50% of its global revenues.
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