Investment in India for the purpose of setting up a new facility
Samsung Electronics Co. Ltd. (Samsung Electronics) announced that the company has invested Rs 1,558 Crore in India with the intention to launch a compressor manufacturing facility in the country. This new facility will take up 22 acres and have the capacity to produce 8 million compressor units a year. The compressors produce at this new plant will be used in the refrigerators that Samsung manufactures in India. Additionally, this new plant will add 600 employees to the Indian state of Tamil Nadu.
Labor|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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