LUG Argentina – opening of the first foreign production facility

In the third quarter of 2018, work related to launching the production plant of LUG S.A. Capital Group in Argentina has been completed.

In the third quarter of 2018, work related to launching the production plant of LUG S.A. Capital Group in Argentina has been completed. LUG opened the LED lighting factory in the heart of the Misiones Province, which is the largest concentration of Polonia in Argentina. LUG production plant in Argentina is the largest Polish direct investment in this country and the first LED lighting factory in the history of the company outside of Poland.
The site was opened by the President of LUG S.A., Ryszard Wtorkowski and the Governor of the Province of Misiones, Hugo M. Passalacqua. The event was also attended by representatives of the authorities of the Misiones Province and the city of Posadas, members of the Chamber of Representatives, the Argentinian business community, a delegation from the Polish Embassy in Argentina, the Polish honorary consul in Argentina Mr Miguel Antonio Skowron and the representatives of the Polish community in the region.
The first LUG S.A. Capital Group factory abroad will produce the latest generation of LED lighting luminaires dedicated to urban spaces, road infrastructure, schools, public buildings and industrial facilities.

LUG is a member of the World Economic Forum

In 2018, the LUG S.A. Capital Group. began efforts to join the group of organizations associated with the World Economic Forum, which were crowned with the beginning of 2019.

By becoming a Member of the World Economic Forum, LUG joined the global community of companies, international organizations and other institutions committed to improving the condition of the world. As a company specializing in design, development and manufacturing of comprehensive LED lighting solutions for professional applications such as infrastructural and urban lighting, LUG offers complete solutions for everyday challenges of the modern world, such as improving energy-efficiency, reducing carbon footprint and increasing safety and comfort for ourselves and those around us.
The World Economic Forum is the leading international organization for public-private cooperation committed to improving the state of the world. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. The institution blends and balances the best of many kinds of organizations from both the public and private sectors, international organizations and academic institutions.

Payment of the dividend to LUG S.A. shareholders

On September 19, 2018, the third dividend in the history of LUG was paid out, based on a decision of the General Meeting of Shareholders which positively considered the request of the LUG S.A. Management Board and adopted a resolution to enable the payment process.

Shareholders received PLN 1.22 million of profit generated in 2017, which means PLN 0.17 per share.

Detailed parameters of the dividend:

• dividend resolution: PLN 1,223,756.90
• value of the dividend per share: PLN 0.17
• date of setting the right to dividend: 12/09/2018
• dividend payment date: 19/09/2018

LUG Turkey - a new company of the Capital Group

The Capital Group of LUG S.A. has opened a new joint-stock company, LUG Turkey in Istanbul (LUG AYDINLATMA SISTEMLERI ANONİM ŞİRKETİ), as a continuation of strengthening its position on the international lighting market.

The investment on the Eurasian market is another step in the implementation of LUG strategic objectives for years of 2017-2021. Establishment of LUG Turkey is a part of the internationalization strategy implemented by LUG S.A. Capital Group, which aims to increase and enhance the presence of LUG on international markets, which is included in indicators of export share in the Group's revenues.

Light+Building 2018

On 18 - 23 March 2018 in Frankfurt am Main, one of the largest and most important lighting industry fairs, Light + Building 2018 was held.

Every year, the Light + Building trade fair attracts over 200,000 professionals to Frankfurt, looking for the latest, most innovative solutions for the lighting and construction industry. Each edition of the meetings is related to the currently prevailing trend in the industry. The main theme of the event of 2018 was the "Connected - Secure - Convenient", i.e. intelligent network lighting solutions that increase the safety and comfort of users while at the same time taking care of the economic efficiency of buildings. The future of the industry is aesthetics and functionality created for the needs of the human body and the impact of light on the human psyche. LUG as one of the exhibitors presented a wide spectrum of innovative solutions designed to meet the widest range of needs of its business partners. The company's stand with an area of 240 sq meters reflected the strategic directions of LUG development. In three unique zones of the stand, solutions dedicated to strategic target groups: architects, interior designers and city authorities, were presented.
The stand has been noticed and acknowledged by winning the prestigious Honorable Distinction of the 57th edition of StandOUT Light + Builing Competition in the category over 200 square metres stand.