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Category:  Press » Technology

 

SAMSUNG India Electronics Pvt. Ltd. and the Government of Tamil Nadu Sign a Memorandum of Understanding to Build a Manufacturing Complex in Chennai

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         Views: 1486
2006-11-12 21:17:56     
Samsung Electronics Co., Ltd.

Samsung India Electronics Pvt. Ltd., the digital technology leader, today announced that it has completed a Memorandum of Understanding (“MOU”) with the Government of Tamil Nadu, India to set up a second manufacturing complex in Sriperumbudur, Chennai , India to cater to the fast growing requirements for the company’s consumer electronics products in India . The project could mean an investment of up to US$ 100 Million over a five year time frame starting from 2007.

“The growing demand for our products in the southern India , the strong infrastructure available in the region coupled with its proximity to the port and the Tamil Nadu government’s investor friendly approach are the factors that prompted us to set up this complex in Chennai,” states Mr R. Zutshi, Dy Managing Director, Samsung India Electronics Pvt. Ltd. Under the Memorandum of Understanding, Samsung expects to commence the construction work on the 80 acres of land in Sriperumbudur in January 2007, and commence commercial operation in August 2007.

In the first phase, Samsung plans to first set up manufacturing facilities for colour televisions, colour monitors, refrigerators, air conditioners, washing machines, printers and other technology products. The facilities for colour televisions and colour monitors, to be set up in the first year itself, are expected to have a production capacity of 1.5 million units per annum and 1.0 million units per annum respectively. In the second phase of the project, the company plans to enhance the production capacities for the products mentioned above, that are being set up in Phase I.

“We expect to manufacture our advanced LCD TVs and LCD monitors in this complex as well,” states Mr. Zutshi. Samsung expects to provide employment to 2500 people after full implementation of the project.

“We are looking at the new facilities becoming a global manufacturing hub for Samsung and will be manufacturing products at this facility not only for the domestic market but for the export markets as well.” states Mr S. H. Oh, President & CEO, Samsung South West Asia Regional Head Quarters.

Samsung’s existing manufacturing complex at Noida, spreading over 30 acres, has production facilities for colour televisions, colour monitors, refrigerators and washing machines. The company also has R&D operations at its Noida complex – both for hardware (product customization) and software development, Samsung India Software Center (SISC) at Noida.

About Samsung India
Samsung India Electronics Pvt. Ltd. is a 100 per cent owned subsidiary of Samsung Electronics Co., Ltd. (SEC). SEC, the parent Company of Samsung India Electronics Pvt. Ltd , is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2005 parent company sales of US$56.7 billion and net income of US$7.5 billion. Employing approximately 128,000 people in over 120 offices in 57 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones, and TFT-LCDs.

Specialized in: Understanding - Tamil Nadu - Memorandum
URL: http://www.samsung.com
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