Philips to Build Lesotho Plant

Thursday March 27, 12:43 pm ET
Philips Electronics to Build Energy Saving Lightbulb Plant in Southern Africa AMSTERDAM, Netherlands (AP) — Philips Electronics NV, the world’s largest maker of light bulbs, said Thursday it planned to cooperate with the government and another partner on building a plant in the southern African nation of Lesotho.

The company did not say how large the investment would be, but said the plant will produce 15 million compact fluorescent lamps annually once it is fully operational.

Another factory, more jobs. I suppose we can boil it down to that. We need jobs in Lesotho, and they’re not coming from anywhere within the country but local-based foreign companies. So be it. Welcome to Lesotho, Philips. We hope you’re not gonna be a sweat-shop.