The Dongbu Group announced on June 15 that it would change the name of Fawoo Technololgy into Dongbu Lightech and expand its LED lighting business. The group took over Fawoo Technololgy in March this year. Dongbu explained that it would elevate the lighting company’s competitiveness in terms of technology, quality and prices with a focus on various 3W to 160W products and increase its exports through 250 sales agencies in 60 countries. In particular, the company will secure three or more local sales agencies to increase sales in Japan which demand more lighting products for the recovery from the quake and expand market shares in the U.S. and Europe. “We will build a LED plant factory in Seongnam of Gyenggi Province by the end of 2012 and will push for a project to build plant factories in the large glass greenhouses to be built in Saemangeum and Hwaseong by the end of 2014,” said a Dongbu spokesperson.