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Philips celebrates 130th anniversary | Financial

The statue will later be unveiled in the center of Eindhoven in a newly developed public location. Gerard Philips later also founded the company’s research laboratories in Eindhoven.

From light bulbs to medical equipment

Philips started as a manufacturer of incandescent lamps. Later on, Philips also started to manufacture household appliances such as radios, televisions, white goods, cassette recorders, CD and video players, as well as razors, coffee machines and electric toothbrushes. The company has since transformed into a specialist for medical technology, including diagnostic systems and respiratory equipment. The lighting division and the chip activities were divested, as well as the household appliances division. The Eindhoven football and sports club PSV was founded in 1913 by employees of Philips.

Innovation journey

“The company’s 130th anniversary is a celebration of the ongoing innovation journey that has enabled Philips to positively impact the lives of as many people around the world as possible,” said Frans van Houten, CEO. Philips had sales of 17.3 billion euros in 2020 and has approximately 77,000 employees with sales and service points in more than 100 countries.

Philips celebrates 130th anniversary | Financial
Source link Philips celebrates 130th anniversary | Financial

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