Siemens Osram light unit said to plan first China LED plant

Siemens AG (SIE), which is seeking to sell shares in its lighting subsidiary Osram this year, is drafting plans for its first production plant for light-emitting diodes in China, two people familiar with the project said. Osram has given the go-ahead for the project and is negotiating which parts of LEDs and related components it will produce in the country, said one of the people, who declined to be named as the plans haven’t yet been finalized.