Samsung expands Kunshan-based plant with $1.7 billion
2013-01-29
Samsung has planned to expand its Kunshan-based plant in China with $1.7 billion. The company will use the fund to build plant, purchase equipment and establish Samsung Electro - Mechanics Co. as operations research center.
The Kunshan plant is founded in 2008, and is dedicated in manufacturing electronic components. By the end of 2012, Samsung has injected a total of $80.99 million investment in this plant, and the annual sales have approached $ 100 million.
According to Kunshan Government, Samsung will cooperate with the city on chip load plate projects, and increase another $1.7 billion investment within 5 years since 2013. This cooperation will promote Samsung to meet the rapid growth of intelligent terminal equipment market, as well as increase its production capacity of chip load plate by more than 3 times.
The Kunshan plant is founded in 2008, and is dedicated in manufacturing electronic components. By the end of 2012, Samsung has injected a total of $80.99 million investment in this plant, and the annual sales have approached $ 100 million.
According to Kunshan Government, Samsung will cooperate with the city on chip load plate projects, and increase another $1.7 billion investment within 5 years since 2013. This cooperation will promote Samsung to meet the rapid growth of intelligent terminal equipment market, as well as increase its production capacity of chip load plate by more than 3 times.