Samsung India Electronics Pvt. Ltd., the digital technology leader, 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 U.S. $100 million over a 5-year time frame starting from 2007.
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 color TVs, color monitors, refrigerators, air conditioners, washing machines, printers, and other technology products. The facilities for color TVs and color 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.
Samsung's existing manufacturing complex at Noida, spreading over 30 acres, has production facilities for color TVs, color 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.
to Daily News