Samsung Electronics South Africa has said it plans to open a TV manufacturing plant in South Africa before the end of this year.
The plant will be based at the Dube Trade Port in Durban. It is estimated to cost $20-million for duration of up to 2018.
The move is an indication of the company’s effort to satisfy customers in South Africa. Commenting on the same, Matthew Thackrah, deputy MD of Samsung Electronics South Africa, said: “This project is the result of close collaboration between Samsung and the South African authorities – at National and Provincial level.
“Samsung remains the leading consumer electronics brand in South Africa and we are determined to add value to the South African community in which we operate. The establishment of new plant is another step in our goal to create new business opportunities, products and technology.”
After feasibility studies and consultation with South African local authorities, Samsung promised to expedite progress on the project, which will deliver socio-economic benefits to the KwaZulu-Natal province and residents.
The launch of the manufacturing plant, alongside Samsung’s nationwide expansion of retail presence with local partners, demonstrates the company’s commitment to grow the local infrastructure and economy, Samsung said.