Published on Wed, Nov 14, 2007 at 08:32 | Source : Business Line
Updated at Wed, Nov 14, 2007 at 08:50
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Samsung India bullish on revenue growth, exports
Samsung India Electronics is likely to end the calendar year with revenues of around $1.3 billion, a 20 per cent growth over last year. The company hopes to double its exports to around Rs 400 crore next year, according to its Deputy Managing Director, Mr Ravinder Zutshi.
Samsung India Electronics is likely to end the calendar year with revenues of around $1.3 billion, a 20 per cent growth over last year. The company hopes to double its exports to around Rs 400 crore next year, according to its Deputy Managing Director, Mr Ravinder Zutshi.
Next year, revenue growth will be much more with the company's Sriperumbudur plant going on stream. (The plant was inaugurated today by the Chief Minister of Tamil Nadu, Mr M. Karunanidhi.) "We've grown 20-27 per cent over the last six years, and will maintain this for the next few years," he told newspersons.
Plant's capacity
The new plant, located in the Sriperumbudur Hi-Tech special economic zone, around 25 km west of Chennai, will be the company's second facility (after Noida) in India. It will have an annual capacity of 1.5 million units for flat televisions and 0.3 million units per year for LCD television.
Samsung will also manufacture 21" and 29" flat and ultra slim models and LCD models with screen sizes between 19" and 32" at the new plant. It will consider manufacturing home appliances like fully automatic washing machines by early next year, Mr Zutshi said.
Next year, revenue growth will be much more with the company's Sriperumbudur plant going on stream. (The plant was inaugurated today by the Chief Minister of Tamil Nadu, Mr M. Karunanidhi.) "We've grown 20-27 per cent over the last six years, and will maintain this for the next few years," he told newspersons.
