Monday, January 23, 2023
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In Karachi, a Samsung TV facility has started manufacturing

ISLAMABAD: Samsung Electronics, a South Korean technology powerhouse, has opened its first TV line-up facility in Karachi, in conjunction with a local business, Commerce Adviser Razak Dawood revealed on Monday.

Mr Dawood took to Twitter to publish photographs of the facility, writing, “We congratulate Samsung Electronics on the operationalization of its first TV Line-up factory in Pakistan in Karachi in conjunction with R&R Industries.” The plant will initially create 50,000 TV sets before ramping up to 100,000 units in two years.”

Also read: Samsung to construct new TV factory in Karachi

Mr Dawood stated that the engagement was in keeping with the Ministry of Commerce’s Make-in-Pakistan strategy. “I urge all of our companies to form partnerships with prominent foreign corporations to establish operations in Pakistan,” the advisor added in a tweet.

R&R Industries Pvt Ltd had signed an agreement with Samsung to set up a plant in Karachi’s Korangi Industrial Area. The construction and fabrication of the factory has already been completed.

The local partner company believes the collaboration will create more than 700 jobs in Pakistan due to the vast nature of this project.

It is expected that the business revenue of the project will be approximately touch Rs5 billion per annum and an annual target of producing 50,000 TV units.

Samsung Electronics, founded in 1969, quickly became a major manufacturer in the Korean market. This soon expanded to Samsung becoming a leading global brand and has been one of the world’s leading manufacturer of televisions for the last 15 years.

Also read: Samsung unveils dual-folding phone prototype

It is also worth mentioning that Lucky Motor Corporation (LMC), a subsidiary of Lucky Cement Ltd announced, in July that it has entered into an agreement with Samsung Gulf Electronics Co., FZE (Samsung) for the production of Samsung-branded mobile devices in Pakistan. The production facility will be located at LMC’s existing plant which is expected to be completed by end December.



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