More electronics production moving to China...............
Samsung to Relocate Half of Elec. Group
October 23, 1997 (SEOUL) -- The Samsung Group is
devising a plan to relocate half of its domestic production
base to overseas sites.
Specifically, Samsung plans to build more electronics production
facilities abroad, according to a company official.
The official said Samsung plans to increase the scale of overseas
production in such areas as information technology, communications,
multimedia and semiconductors, to over 50 percent by 2000, from the
current 20 to 30 percent.
Samsung's relocation plan will result in major changes because those
divisions account for 70 percent of Samsung's electronics revenues.
The group intends to make more home electronics, including TVs,
VCRs and logic microchips, outside of Korea.
To speed up the shift overseas, Samsung is considering setting up large
production centers in six countries: China, Malaysia, the United
Kingdom, Mexico, Brazil and India.
Samsung Electronics Co., Ltd., Samsung Electro-Mechanics Co., Ltd.
and Samsung Corning Co., Ltd. would enter the planned production
complexes at the same time, the official added.
(Maeil Business Newspaper, Korea) |
