Samsung India Electronics has opened its second state-of –the-art manufacturing facility in the country at Sriperumbudur.

Samsung India has invested $30 million towards the setting up of this Facility, which employs around 350 employees at present.

“We plan to work with and develop our vendor base in Chennai, so that we can continuously enhance our competitiveness. In the future, I am looking at the Chennai Facility becoming a Global Manufacturing Hub for Samsung operations.” states Mr Lee.

The Company also plans to export CTVs from the Chennai facility to Sri Lanka and Bangladesh starting next Year.

Samsung India, which signed the MoU with the Tamil Nadu government for the Sriperumbudur Complex in November 2006, has set up its first manufacturing facility for Colour televisions within a Year of signing of the MoU. The ground breaking ceremony for the Chennai facility was held in February this Year. The manufacturing facility has a production capacity of 1.5 million units per annum for Flat TVs and 0.3 million units per annum for LCD TVs. The Company is manufacturing 21” and 29” Flat and Ultra Slim models as well as LCD Models in the screen sizes between 19” to 32” at this Facility.

Samsung’s existing manufacturing facilities in India include production facilities for Flat colour televisions, including LCD TVs, Colour monitors, refrigerators, washing machines and GSM handsets. The Company’s R&D operations in India include Hardware R&D at Noida as well as Software R&D development centers- Samsung India Software Center (SISC) at Noida, for consumer electronics products and Samsung India Software Operations Unit (SISO) at Bangalore, for telecom software development.