Recently, news indicated that Signify issued a "Notice on Price Adjustment for Philips Traditional Products in 2025" to dealers (China partners),announcing price adjustments for multiple series of traditional products under the Philips brand starting February 1, with increases ranging from a minimum of 3% to a maximum of 10%.
Signify stated that,the continuous shortage of raw material supplies for traditional products and the successive rise in prices of various raw materials have significantly impacted the cost of our products.In order to better provide long-term high-quality service to customers and partners, the company has decided to increase the sales prices of relevant traditional products under the Philips brand starting February 1, 2025. Among them, Halogen Lamps, TL Starters, and CDM Elite Lamp have the highest price increases, reaching 10%. Signify further stated in the notice,"As our long-term business partners and end customers, we sincerely hope for your understanding and that you will continue to recommend and use high-quality lighting products under the Philips brand. At the same time, we will continue to provide you with high-quality products and after-sales service as always."
