General Electric will Sell Lighting Business, Does it Really Say Goodbye to Tungsten?

Founded in 1892, the US veteran GE GE (Ge Corp) is now in a predicament of poor performance and falling share prices. General Electric chairman and CEO Flannery announced on November 13th local time that it would reorganize and sell more non main business through transfer of assets, layoffs and withdrawal from most non main business. If no accident, General Electric was the first to sell its most landmark lighting business in 125 years. "Tungsten" closely intertwined the history of a century whether the company had come to say goodbye.

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Copyright statement: This article is used only for the China Tungsten Industry Association and China Tungsten online. Any individual without written permission or without the copyright and the source is not allowed to copy or reprint without authorization. Otherwise, this website will be regarded as a tort, and the website will be investigated for its legal responsibility.

What does electric lighting mean for General Electric? This has to begin with history. 1879, Thomas Edison invented the first commercially viable incandescent bulb. A year later, he founded the Edison light bulb company and started producing and selling bulbs. By 1890, Edison had merged the Edison bulb with most of the Edison Ge Corp's other business and merged with Thomson Houston power in 1892 to form the GE Ge Corp we all know.

With the improvement of innovation and invention, in 1906, GE Engineer William Coolidge developed a long - effect, ultra - bright tungsten filament bulb. This great improvement brought the tungsten application into the lives of thousands of households and has been affecting it to the present. Since then, GE has become a leader in the lighting industry. GE invented the fluorescent lamp in 1938, invented the halogen lamp in 1959, invented the LED in 1962, introduced the GE Reveal bulb in 2001, filtered out the yellow light, produced more natural light, and in 2010, it produced the first intelligent LED bulb connected to the Internet.

Tungsten is not only known as high temperature resistance, high heat resistance, but also the best material for white filament and spiral wire. It also has typical self activation luminescence characteristics. Tungstate (CaWO4) structure of tungstate, for example, is an excellent scintillation material. Tungstate phosphor can absorb visible light, X ray, ultraviolet light and other energy, and then release visible light after energy conversion, so it is also used to make LED lamp, high performance nuclear radiation detection instrument and X light machine luminescent body, etc. In the final analysis, from the past to the future, you are or not, "tungsten" has been quietly illuminating people's lives.

GE used to be the most valuable US listed company, but it is the result of the blind expansion strategy of Immelt CEO. Now GE has broken his arm to survive, and new CEO John Flannery unveiled General Electric's Roadmap when it says it will focus on its health, electricity and aviation business, which has become the smallest department in GE, accounting for less than 2% of the company's overall income. So far this year, sales of electric light bulbs have been declining, lighting has not made GE a part of the future.

In fact, the lighting business in recent years is still making profits for GE. Between 2007 and 2014, LED bulbs were first popularized, consumers were replacing incandescent bulbs with expensive LED bulbs, GE companies earned a bowl full, but now the life of LED lamps was longer and the changing frequency of people fell sharply, so the market quickly entered a low tide, resulting in a decline in income, even so, bulb pins. Sales still have an annual profit growth of 15%. Perhaps GE wants to marry someone when the lighting business is not yet old. But in the near future, the lamp manufacturing will no longer be associated with the invention of its GE company, but in any case, the link between tungsten and light lighting will still remain. (Chinatungsten online: Weiping)

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