Samsung’s cell-phone production factory in Asia has started operation after nearly one year of construction. The investor expects to inaugurate the factory in the middle of this year. The project has a total investment capital of $2 billion. In the first stage, Samsung Electronics production complex has around 5
Samsung's cell-phone production factory in Asia has started operation after nearly one year of construction.
The investor expects to inaugurate the factory in the middle of this year. The project has a total investment capital of $2 billion.
In the first stage, Samsung Electronics production complex has around 5,000 workers with capacity of 2 million products each month. The output is expected to increase to around 8-9 million products each month in the fourth quarter with around 15,000 employees.
With the new factory, Samsung expects to strongly raise cell-phone export revenue. Its factory
Aside from production of cell-phones and tablets, Samsung has strongly invested in projects with high technology and huge capital in Asia. Samsung Electro-Mechanics under the group has won the investment license for a US$1.2-billion chip production plant in the SEVT complex.
Samsung also has plans to invest in energy, petrochemical and airport sectors in Asia in the coming time through a memorandum of understanding on cooperation signed between the Ministry of Investment and Planning and Samsung C&T last September.