South Korea's Samsung Electronics Co Ltd plans to set up a factory to produce mobile phones mainly for Indonesia, one of the world's fastest growing markets for the devices. The company, which already has factories in China and Vietnam, declined to disclose the potential size of its investment. Earlier this year, Ta
South Korea's Samsung Electronics Co Ltd plans to set up a factory to produce mobile phones mainly for Indonesia, one of the world's fastest growing markets for the devices.
The company, which already has factories in China and Vietnam, declined to disclose the potential size of its investment. Earlier this year, Taiwan's Foxconn Technology Group, a major supplier to Apple Inc, said it was considering setting up a $1 billion manufacturing facility in Indonesia.
"We have been discussing with the Indonesian government of our plan to produce mobile phones for the domestic market, so that we can meet local consumers' need more effectively," Samsung said in an emailed statement.
Samsung plans to gradually build up the production capacity at the factory in West Java to 900,000 units per month, said Budi Darmadi, Director General of high-tech industry at Indonesia's industry ministry.
The South Korean company is expected to start with a monthly capacity of 100,000 units this year, Darmadi added.
People aged under-30 make up over half of Indonesia's 240 million population and just 20% use smartphones. Estimates put smartphone usage at 50% before the end of the decade.