Founded in 1891, Royal Philips of the Netherlands (Philips) is a global leader in healthcare, quality living and lighting. Headquartered in Amsterdam, the Netherlands, Philips sells and services in more than 100 countries around the world. Philips is not only the world's Fortune 500 company, but also the 40th among the world's top 100 most valuable brands.
   The initial floor area of the Philips Quality Life Home Business (China) Innovation Park project is about 200 mu, with a total construction area of about 80,000 square meters. The plot is located on the north side of Tongxiang Avenue in the Jiaxing Advanced Manufacturing Industry Base and on the west side of the Danish LEGO Toys Project. The project is scheduled to start construction in October this year and be completed by the end of 2015. In 2016, it will be commissioned and operated, mainly producing more than 10 products such as rice cookers, electric pressure cookers, induction cookers, juicers, mixers, and steam clothing care, with an annual production capacity of more than 10 million units.