Agro-Inwest has already achieved excellent results in the 25 hectares of tomato greenhouses that use Philips LED horticultural lighting. 'The Philips LED lighting has reduced energy usage by almost 50% and improved growth predictability, crop appearance and yield,' said Irina Meshkova, Deputy CEO and General Director, Agro-Inwest. 'We are on track to recoup our costs on that project in two to four years, a very attractive return on investment. In addition, Signify has been very accurate in projecting our yields which gives us great confidence in future results. We know LED is the future and Signify has proved a reliable and knowledgeable partner.'

Signify N.V. became the new company name of Philips Lighting N.V., the ultimate parent company of the worldwide group of Philips Lighting companies. The legal name of Philips Eurasia LLC will be changed in the beginning of 2019.

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Signify NV published this content on 04 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 June 2018 11:22:04 UTC