$117.6 million Samsung extension to support Vietnam operations

16:41 | 25/03/2016
Samsung SDI Vietnam Co., Ltd. (SDIV) has been licensed to add $117.6 million to its existing  mobile phone battery production factory in Que Vo industrial park in the northern province of Bac Ninh.

The added-capital project aims to meet the increasing demand for mobile phone batteries at Samsung’s factories in Bac Ninh and Thai Nguyen provinces.

SDIV was licensed in 2009 with the total capital of $123 million. The factory started operation in January 2010, specialising in manufacturing mobile phone batteries for Samsung and Nokia. 

Samsung has seven other factories at the 110-hectare Samsung complex in Bac Ninh, with two assembling cell phone factories, one vacuum cleaner producing factory, and four facilities manufacturing LCD displays, cameras, and mobile phone cases.

RELATED CONTENTS:
Samsung’s $300 million R&D centre gets PM’s approval
Authorities support Samsung’s $300 million R&D centre proposal
Locals link to Samsung’s chain
Samsung plots energy and insurance sector expansion

By By Ha Vy

Based on MasterCMS Ultimate Edition Ver 2.8 2018