Tianjin Samsung LED Co., Ltd. Completes Construction of and Initiates Operations on New Production Line in the Tianjin Economic Development Area
By Tianjin Economic-technological Development Area, PRNEMonday, June 14, 2010
TIANJIN, China, June 15, 2010 - Tianjin Samsung LED Co., Ltd. recently held a ceremony in the electronics
industry sector of the Tianjin Economic Development Area celebrating the
completion of construction and the beginning of operations on its new
production line.
Korea's Samsung Group is one of the city of Tianjin's and the Tianjin
Economic Development Area's most outstanding enterprises and best strategic
partners. To date, the Samsung Group has funded twelve enterprises in the
Tianjin Economic Development Area, generating a total annual production value
exceeding 10 billion USD. The company has been highly successful,
contributing significantly to the economic growth of the Tianjin Economic
Development Area and the Bohai Economic Circle, and it has established a
model for successful investment in China by a multinational company.
The establishment of Samsung's LED project is a significant event for the
Tianjin Economic Development Area. Key leaders in the city of Tianjin and the
Bohai Economic Circle have expressed high levels of interest in the LED
project, and made numerous comments on the project's construction and
development. The completion of construction and beginning of operations for
Samsung's LED project, as well as the company's establishment of an excellent
plan for future developments, mark a strengthening of ties in the strategic
partnership between the Samsung Group and the city of Tianjin, and signify an
even more promising future for both parties. The Tianjin Economic Development
Area will continue to ensure excellent conditions for operations and growth
for the Samsung Group, and will provide first class services as always. The
Area also hopes that the Samsung Group will continue to move forward in its
operations and seize this historic moment to develop and expand in the Bohai
Economic Circle. The future establishment of more, even bigger projects in
the Economic Development Area would result in great mutual benefit and shared
development.
Korea's Samsung LED Co., Ltd., an international leader in its field,
maintains 180 million USD in funding, is an exclusively foreign-owned
enterprise established by Samsung LED Co., Ltd., and is the company's only
production base outside of Korea. It is estimated that the company will have
an output value of 10 billion RMB and will produce nine billion LED modules
this year.
Wang Qian, +86-22-2520-1567, wangqian at teda.gov.cn
Tags: China, France, Germany, June 15, Tianjin, Tianjin Economic-Technological Development Area, United Kingdom