Compressors produced at the plant will be used in refrigerators that Samsung manufactures in India and will also be exported
Adding on to this investments in the country, Samsung is investing Rs 1588 crore to set up a new compressor manufacturing plant in Sriperumbudur, near Chennai.
The South Korean electronics major signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for the new plant, expanding and strengthening the component ecosystem in the state.
The new facility, spread over 22 acres, will have a capacity to produce 8 million compressor units a year, which will be expanded in the future. Compressors produced at the plant will be used in refrigerators that Samsung manufactures in India and will also be exported.
Set up in 2007, the manufacturing facility in Sriperumbudur is one of two factories that Samsung operates in India. Samsung’s flagship consumer electronics products including luxury QLED TVs, refrigerators, washing machines and ACs are manufactured at this plant.
Samsung India’s other plant is in Noida.
Samsung India president Ken Kang said this new compressor manufacturing facility will help Samsung cater to the growing demand for its innovative digital appliances across the country and also drive exports.
