Watch Live


Dialight in Joint Venture to Sell LED Fittings in Asia

(Corrects currency of mine order in third paragraph.)

Dialight Plc (DIA), a maker of light- emitting diode fittings used in the London Olympics, will set up a joint venture with Singapore’s Lumina Holding Systems to sell its products in Southeast Asia.

Dialight Asia Pte Ltd. will focus on oil and gas markets in the region and be supplied by Dialight’s new factory in Penang, Malaysia, the U.K. company said today in an e-mailed statement.

The company also got a $1 million order to supply two thousand fittings to an Indonesian copper and gold mine run by a global miner, it said, without naming the client.

The Suffolk, England-based company in July increased its interim dividend to 4 pence from 3.3 and said annual earnings will be “at the higher end of current market expectations.”

To contact the reporter on this story: Tom Metcalf in London at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.