After achieving near optimum capacity utilisation at its Noida, Uttar Pradesh, plant, South Korean consumer goods company Samsung Electronics has decided to manufacture home appliances at its Sriperumbudur plant near Chennai from 2010 to meet future demand, both domestic as well as from export markets.
The company which manufactures CTVs, LCD TVs and monitors and front-load washing manchines at its Chennai plant, will go for a separate manufacturing facility for home appliances, said a company spokesperson.
Addressing visiting journalists at the company's plant on Thursday, she said, "Our next phase of investments will be in home appliances. Since our Noida facility is running at optimum capacity, the company has decided to set up a new facility at its Chennai plant to meet future demand."
"As committed earlier, we would invest $100 million in our Chennai plant by 2012 to make it one of the largest manufacturing plants," she added.
The company has invested $30 million in land, plant and machinery at its Chennai plant. In its home appliance range, the company will start with airconditioners and refirgerators followed by washing machines, she added.
Currently, the Chennai plant has an installed capacity to manufacture 1.5 million units of CTVs, 70,000 units of colour monitors, 50,000 units of front-loading waching machines, 6,00,000 pieces of LCD TVs, which will be scaled up as per demand. The Chennai plant, over time, will also cater to the export markets. The company, which exported Rs 535 crore worth of goods in 2008, is expected to double the figure in 2009.
The Chennai will be manufacturing 5-star rated energy efficient products.
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