Samsung Electronics opens TV plant in Russia
Samsung Electronics has launched a TV set production plant in Russia’s Kaluga Region, a local administration spokesperson said on Monday.
The 3.5 billion-ruble ($137-million) project in the Vorsino industrial park, around 80 km southwest of Moscow, will put out over 2 million TV sets annually, which could see Samsung’s share of the Russian TV set market rise to 25-30%.
“The venture will produce plasma and LCD TV sets,” the spokesperson said. “The plant will operate in a testing mode until next year - production is to start in 2009 and the plant will reach full capacity in 2010.”
The Kaluga Region is a popular site among global industries in Russia. A number of leading carmakers, including Volkswagen, Peugeot-Citroen and Mitsubishi, have plants in the region. (rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.