Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Samsung Techwin Aims for Top in Digital Cameras
Feb 4, 2003
 Printable format
 Email this Article
 Search

Samsung Techwin Co. revealed a mid- to long-term blueprint for its future Tuesday at an explanatory session on its business vision and globalization strategy held in Seoul.

Under the plan, the domestic digital camera producer says it intends to become one of the world's top manufacturers in this category by 2005 and one of the top three by 2010.

To achieve this, it plans to overhaul its production facilities to make 1.3 million units this year, 2.6 million next year, 4 million in 2005, and 7-8 million in 2010, while raising R&D investment to 20 billion won (U.S. $16.94 million) this year and 43 billion won in 2005.

Samsung Techwin is set to cut the proportion of its military business while lifting the civilian one including digital cameras to 65 percent in 2005. Currently it stands at 32 percent.

In an attempt to boost product development, it will reportedly recruit approximately 140 local and foreign brains with core technologies in 2003, which is twice the number hired last year and raise annual recruitment to 200 in 2004.

It will also establish a digital camera institute in Yokohama, Japan within this month.

Samsung Techwin plans to improve its product lines by rolling out 10-11 kinds of new products each year and set up a full line-up comprising four phases to suit beginners, women, teenagers, businessmen, and photo specialists next year.

By 2004, it intends to build distribution and after-sales service centers in America, Europe, and Asia and raise the number of overseas sales and production units to 10 by 2005 from the current seven. In particular, it has decided to concentrate on the development of moving image-related technologies featuring mobile display technology, memory and MPEG-4, while trying to make its products as high-end ones in cooperation with affiliates of Samsung Group such as Samsung Electronics and Samsung SDI. (AsiaPulse)

Back to Daily News

 

Daily News

...........................................................

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

Nov 20, 2014: Most Profitable Industry in the U.S.: Electrical Equipment, Appliance and Component Manufacturing

Nov 19, 2014: LG washing machine global sales top 20 million in 5 years

Nov 19, 2014: Wolf ovens use columnar vertical blower fans to optimize convection

Nov 19, 2014: ASRAC meeting to address home air-conditioner regional standards enforcement

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows