Philips Increases Sales of Green Products to 39 Percent of Total Sales, Focuses on Commitment to Green Innovation

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Philips Electronics announced today that it has made progress in its EcoVision program, which sets sustainability performance targets for the end of 2015. Philips reported that its Green Product sales in 2011 totaled 39 percent and are well on track to reach the target of 50 percent in 2015. The Healthcare sector achieved the highest […]

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Philips Sells Stake in LG

Last week, Philips Electronics announced it has sold its remaining stake in LG Display Co., Ltd. to investors in a capital markets transaction. This transaction represents 13.2 percent of LG Display’s issued share capital, or 47.2 million of common stock, and reduces Philips’ holding to zero. The transaction will provide Philips with net proceeds of […]

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