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Philips

Dutch multinational that still relies on China

Year Established: 1891

Headquarters: Amsterdam, Netherlands

Parent: Koninklijke Philips

Our Findings

Philips is a Dutch multinational conglomerate headquartered in Amsterdam. Formerly one of the largest electronics companies in the world, the company currently focusses on healthcare technology. Although Philips is a big name when it comes to healthcare equipment manufacturers, in India, they are known mostly for their home appliances like speakers, vacuum cleaners, food processors, facial trimmers and air purifiers.

Although Philips has manufacturing plants in India, a whopping 60% of its audio products come from China. If you already have a Philips speaker or headphone, the chances are that it was made in China. So, make sure you exercise some caution and check the country of origin when you buy a Philips product, especially audio devices.

ChineeMeter

25

Investor Information

Investors:

Chinese Presence in Top Management: no

Nationality of Chairman/CEO: Dutch

Nationality of Top 3 Shareholders: American & French

Indian Alternatives

Eureka Forbes IFB Voltas

Foreign Alternatives

Electrolux Hitachi LG
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