Company Press Release:
SAMSUNG ANNOUNCES PLANS TO SET UP A MOBILE HANDSET
New Delhi, December 9, 2005: Global technology leader, Samsung today announced
its plans to set up a Handset Manufacturing Facility at Manesar in Gurgaon,
Haryana. This is Samsung’s fourth overseas handset manufacturing facility in
the world after China, Brazil and Mexico. To be set up with an investment of US$
15 Million, this Facility will have an initial Plant Capacity of 1 Million units per annum, which will be
stepped up to 20 Million units per annum by the Year 2010. “We plan to make
this Mobile Facility as the Manufacturing Hub for South West Asia,” stated Mr.
H C Ryu, Director -Telecom, Samsung India, at a Press Conference held in the
Capital today.
The Company plans to commence mass production at this
facility by the end of the first Quarter 2006. “The setting up of this facility
will be a critical turning point for our Mobile Business in the country”,
stated Mr. Ryu. “It will help us respond faster to the market and the needs of
Indian customers, go in for greater product customization and be in a position
to fully tap the potential of this fast growing, Indian mobile market”. The
Company plans to manufacture a few GSM Handsets models from its 2006 line up at
the Manesar facility, while the balance will continue to be imported. The
Company will also customize these models with the help of Samsung India
Software Operations unit (SISO), Samsung’s R&D Centre located at Bangalore.
The initial Capital that is being brought in by
Samsung for this Facility is US$ 10 Mn. In the first Year, this highly
advanced, automated facility will employ approx. 200 people.
Speaking on the Company’s
Business Plans for the coming Year, stated Mr. Ryu, “We plan to continue with
our thrust on the Colour/Camera segment in the Indian market. We will leverage
our global leadership in Design, Display and Camera, to introduce innovative,
leading technology products in the Indian market. ”Around 90% of Samsung
handset sales this Year will come from the Colour and Camera phone segment.
About Samsung Electronics
Samsung
Electronics Co., Ltd. is a global leader in semiconductor, telecommunication,
digital media and digital convergence technologies with 2004 parent company
sales of US$55.2 billion and net income of US$10.3 billion. Employing
approximately 113,600 people in over 90 offices in 48 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 brands, Samsung Electronics
is a leading producer of digital TVs, memory chips, mobile phones, and TFT-LCDs.