Chennai: Samsung India inaugurates its second refrigerator manufacturing facility at Sriperumbudur near Chennai, constructed at a cost of $75 million over the past one year, employing 500 people. “This takes our total headcount in Chennai to 1500,” said Samsung South West Asia President and CEO J S Shin.
The new plant at Chennai, the company’s sixth refrigerator manufacturing unit in the world, will produce the frost free range called Inspira and the direct cool range called Pride.
“The plant has an installed capacity of 1.2 million units, expected to be in full utilization by the last quarter of this fiscal year,” said Samsung India MD Ravinder Zutshi. “Chennai contributes to 40% of our total production in South Asia.”
Samsung has been operating a plant manufacturing flat TV panels, front loading washing machines and split air-conditioners since 2007. It has signed an MoU with the state government to invest Rs.350 crore in its Chennai units over the next five years.