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Samsung reinforcing supply chain in Asia to expand production

Samsung Electronics is reinforcing its supply chain in Asia to meet increased demand of its products amid the pandemic, industry insiders said

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Samsung | Electronics industry

IANS  |  Seoul 

Samsung

Electronics is reinforcing its supply chain in Asia to meet increased demand of its products amid the pandemic, industry insiders said, as the South Korean tech giant eyes to build more plants and expand its workforce.

is currently building a TV manufacturing plant in Karachi, Pakistan. It is expected to be in operation in the fourth quarter of the year and produce 50,000 units annually.

The news was recently revealed by Abdul Razak Dawood, adviser for commerce and investment to the Pakistani Prime Minister, via Twitter.

"I have been informed that Electronics is in the process of establishing their TV line-up plant in collaboration with the R&R Industries at Karachi," he said.

Samsung is the world's largest TV manufacturer. It accounted for 31 per cent of the global TV market in terms of sales revenue in the first six months of 2021, according to data from industry researcher Omdia.

The company is also building a mobile phone factory in Karachi. It was recently announced by Lucky Motor Corp., a car manufacturer in Pakistan, that its automotive plant will be repurposed to produce Samsung's mobile devices, reports Yonhap news agency.

Industry insiders expect Samsung will produce mid-to-low segment Galaxy A and Galaxy M series smartphones from the plant.

In Vietnam, Samsung's main production base for smartphones, the company is expanding its workforce to beef up productions.

Samsung, the world's largest smartphone maker, recently said it will hire 1,000 workers for its smartphone factory in Bac Ninh Province, just north of Hanoi. Last month, the company said it will recruit an additional 3,000 workers for its factory in Thai Nguyen, northern Vietnam.

The latest move targets to expand Samsung's production of foldable smartphones to meet their increasing popularity, industry observers said.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sun, September 26 2021. 09:36 IST
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