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Samsung eyes Chennai as manufacturing hub

Tamil Nadu deputy chief minister MK Stalin will inaugurate Samsung's second refrigerator manufacturing facility in the country at Sriperumbudur, 50 km from Chennai, on Saturday.

business Updated: Nov 26, 2010 21:56 IST
HT Correspondent

Tamil Nadu deputy chief minister MK Stalin will inaugurate Samsung's second refrigerator manufacturing facility in the country at Sriperumbudur, 50 km from Chennai, on Saturday. Set up with an investment of $75 million, the new high tech and most modern manufacturing facility will employ 500 people, mostly from areas neighbouring the plant.

This will be the company's sixth refrigerator manufacturing plant in the world with an installed capacity of 1.2 million units per year more than doubling its capacity to 2.6 million units per annum, said JS Shin, president and CEO, Samsung South West Asia, on Friday.

"We are looking at Chennai being a manufacturing hub for the Middle East and Africa, eventually. At present, our production at Noida and Sriperumbudur caters to the local market. We have not been able to catch up on domestic demand," Shin said.

The total investment in the Chennai facility stands at $100 million.