Samsung to invest $20b in Pakistan over 10 years

[Materialistic]

This news just brought fire on @$$e$ of many. More than anything else Indian members here are making efforts to prove it wrong. Wow This just proves how much hatred they have for Pakistan no matter what masks some wear.They can't even imagine things going right in Pakistan!!

If there is any other news specially regarding Indian economy its taken credible no matter which source and no Pakistani goes to deny it. And now since its about Pakistan these racist kids consider their own wet dreams to be more accurate than the news and its respective sources.

And which son of a gun said that Pakistan is asking World Bank for 300million !!! Do you know how much in total Pakistan has got from world bank !! Or is it the news of another installment that is fooling you !!!

And World Bank is giving loan which they provide to alot of countries worldwide hence its required for them to be strict and keep an accurate record & terms otherwise their money will disappear in thin air.

And on the other hand Samsung is investing and it is also mentioned how much they are gonna earn over a decade then whats there to make them hesitate.

I can understand the frustration or anger to see this news would have and of course will blind many to realize any difference between loan and investment.

 

[Peregrine]

Hi
I hope Samsung will expand the range of it's electronics, If Samsung can introduce the new stuff in Pakistan at the same time it is done elsewhere then it will be great we wont have to buy electronics from foreign countries then

 

[WAQAS119]

Samsung surely want to grasp the market created with shortage of electricity.
Just look at that what they are offering, Solar Cells and other such equipments.

 

[SMC]

This news just brought fire on @$$e$ of many. More than anything else Indian members here are making efforts to prove it wrong. Wow This just proves how much hatred they have for Pakistan no matter what masks some wear.They can't even imagine things going right in Pakistan!!

If there is any other news specially regarding Indian economy its taken credible no matter which source and no Pakistani goes to deny it. And now since its about Pakistan these racist kids consider their own wet dreams to be more accurate than the news and its respective sources.

That's how they roll. If the news is bad, you'll see lot more Indians posting in that topic compared to when the news is good. When the news is good, more often than not they will try to show how the news is wrong or flawed.

 

[Hyde]

To each and every pakitstani friend, this news is fake. Samsung is to invest $20b there is no doubt about it.

But they are not investing that " $20 billion" in Pakistan.

Samsung to invest $28b

EETimes.com - Samsung to invest $21 billion in green, health businesses

EETimes.com - Samsung to invest $21 billion in green, health businesses


I will tell you how it got messes up, Samsung' Chairman chairman announced the future investment plans in seol south korea, then the pakistani press contacted samsung pakistan GM for news bytes. Then he have given his statement.

But the media has twisted it as the samsung has left the whole world and will invest all of his future investment is Pakistan.

I'm sure forget about US$ 20 billion they are not investing even 25% of that amount.

Or prove me wrong with official press release of samsung.

i think you are right Justin,

we need more clafications otherwise i take it as a rumour

 

[Donatello]

May be 20b Zimbabwean dollars.....

Do you think pakistan can keep 20b money. It is begging for 300million to world bank and IMF.

No flames. be realistic.

Umm, i don't know why Indian members like you talk about IMF loans to Pakistan, maybe that's because you lack basic economic sense or weren't paying attention in class when you were being taught one.

Greece ( which has way higher standard of living than what majority Indians can only dream of) for example, is on a huge IMF loan and loan from the EU, if you have been following the recent EURO crisis. (Assuming you watch TV and read news other than just blatant spamming). That's one example maybe you can never buff away. Developing economies need loans to develop just like a new start up business needs loan to survive and finance future operations. It's as simple as that.

Ir-relevant of the fact whether Samsung is investing or not that much amount in Pakistan has nothing to do with Pakistan being on a IMF loan.

Don't talk non-sense. But then, i can't force you to do the otherwise.

 

[Neither Right Nor Wrong]

I think this article is the result of overzealous reporting...

here supposably is the original article..

Samsung outlines $20.6 billion investment plan


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AP – FILE - In this July 10, 2008 file photo, Samsung Electronics Co. Chairman Lee Kun-hee is questioned by …

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By KELLY OLSEN, AP Business Writer – Tue May 11, 6:31 am ET
SEOUL, South Korea – Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices, aiming to boost sales and increase its work force by tens of thousands.
The plan was agreed at a meeting Monday of top executives of electronics and medical companies in the Samsung Group, according to a release. Lee Kun-hee, chairman of group flagship Samsung Electronics Co., was among the participants.

Lee, who was convicted of tax evasion and later pardoned by South Korea's president, returned to lead Samsung Electronics in March this year after resigning in April 2008 following his indictment. He is widely considered the driving force behind the rise of Samsung Electronics to the top tier of global technology companies.
Samsung, which consists of dozens of companies in areas spanning electronics to shipbuilding to fashion, said the money would be spent in five areas: solar cells, rechargeable cells for hybrid electric vehicles, LED technologies, biopharmaceuticals and medical devices.

The expansion is expected to create about 45,000 jobs and result in an additional 50 trillion won in annual revenue for affiliate companies by 2020, the year through which the investments are slated, Samsung said.
"When other global companies hesitate, we must move ahead decisively to take this opportunity, and this will also benefit the country's economy," Lee told Monday's meeting, according to the statement. "Striving to resolve unemployment, we should hire young and highly skilled employees also."

South Korea's jobless rate, which surged to a nine-year high of 5 percent in January, has since eased and stood at 4.1 percent in March. The Korea Chamber of Commerce & Industry said in a report earlier this year that Samsung Electronics created the most new jobs in South Korea of any company over the five years through 2008.
The entire Samsung Group conglomerate employs 276,000 people worldwide, with 173,000 of them in South Korea, according to Hwang Eun-ju, a spokeswoman at Samsung Electronics.

The largest individual investment planned is 8.6 trillion won in LED, or light emitting diode, technology applications such as backlit displays, lighting and car electronics, the release said.

Samsung also said it plans to invest 6 trillion won in solar cells, 5.4 trillion won in rechargeable cells for hybrid vehicles, 2.1 trillion won in biopharmaceuticals and 1.2 trillion won in electronic healthcare equipment such as blood testing devices.

Also attending Monday's meeting were other top executives from Samsung Electronics, Samsung SDI Co., Samsung LED Co. and Samsung Medical Center.
Shares in Samsung Electronics fell 1.5 percent to close Tuesday at 791,000 won. The company's stock price surged 77 percent in 2009.

Samsung outlines $20.6 billion investment plan - Yahoo! News

 

[WAQAS119]

@Neither Right Nor Wrong:


BTW haven't you found any article on Samsung investing in Pakistan while googling to find its opposite???
If no then i have to believe you! that may make you sleep well in night.

 

[Neither Right Nor Wrong]

I think when discussing facts ..one should not view the facts through prism of Nationalism ..forget for a minute that I m an Indian and u r a Pakistani.
and lets be objective ..there are 3 distinct possibilities here.

1. Samsung plans to invest $20.6 billion in next 10 yrs worldwide.
or
2. Samsung plans to invest $20.6 billion in next 10 yrs only in Pakistan.
or
3. Samsung plans to invest certain amount worldwide and on the top of it, will invest 20 billion in Pakistan.

So which one according to you is most probable??

 

[WAQAS119]

I think when discussing facts ..one should not view the facts through prism of Nationalism ..forget for a minute that I m an Indian and u r a Pakistani.
and lets be objective ..there are 3 distinct possibilities here.

1. Samsung plans to invest $20.6 billion in next 10 yrs worldwide.
or
2. Samsung plans to invest $20.6 billion in next 10 yrs only in Pakistan.
or
3. Samsung plans to invest certain amount worldwide and on the top of it, will invest 20 billion in Pakistan.

So which one according to you is most probable??

again you are late..........lol

go to page 2! this has been discussed their already.............

 

[Neither Right Nor Wrong]

again you are late..........lol

go to page 2! this has been discussed their already.............

And what was the conclusion you drew out of the "discussion" ??

 

[Neither Right Nor Wrong]

Harath..
Never mind that..we have two possibly conflicting news articles both are from reputable sources ..but only one of them can be true...hence one needs look at them objectively to find the truth.
After all these reports are written by humans and not GOD and there can be factual errors in them.

 

[Areesh]

@ All Indians

Well unfortunately for you the news seems to be true so better out source TTP to cancel this investment.

 

[Hyde]

see abt another mind blowing investment..

its FIFTY BILLION DOLLARS !!!

http://www.defence.pk/forums/economy-development/3077-uae-invest-50-bln-pakistan.html

Harath what i see is your sole purpose of visiting PDF is just to troll. Grow up boy

and regarding this 50 billion dollars news - this is true and the project is already under implementation. Did you never heard about Emaar properties? and for your kind information they are investing between 43-45 billion dollars in the two Islands of Pakstan near Karachi and this matter was raised in the parliament also becoming a very controversial deal those days. Later on the matter was resolved and this project got green signal to go ahead. remaining 5-7 billion dollars coming from other companies and mostly being invested in Oil refineries. Did you not heard about the oil refinery being set up in Balochistan? Pakistan's biggest refinery? like that - overall its about 50 billion dollars investment

I don't want to tell you what really happened in the parliament and what matters were discussed as i see you have come here to troll only and not discuss in a mature manner

 

[Justin Joseph]

@ All Pakistani friends following are the news/press release from the official website of the "Samsung" please tell me where is the mention of any investment in Pakistan???????

If you still don't believe you can visit Samsung's official website SAMSUNG United States - Main

And if you found out about their investment in Pakistan please post here so that all can see it then i will HAPPILY APOLOGIZE with you people.

Samsung Raises 2010 Investment Plan to Record 26 Trillion Won


on May 18, 2010

Breaks ground for new Line-16 memory fab, while preparing to add LCD line
middleImage
Line-16 memory Line-16 memory Line-16 memory Line-16 memory

SEOUL, Korea – May 17, 2010 – Samsung Electronics Co., Ltd, a global leader in semiconductor and display technologies,today announced it will increase its total investment in manufacturing facilities and research & development for 2010 to 26 trillion won, its largest annual investment outlay ever. Approximately 18 trillion won will be invested in facilities including 11 trillion won for semiconductor manufacturing facilities and 5 trillion won to expand capacity for LCD panel production, while about 8 trillion will be invested in research & development.



Samsung also held a ground breaking ceremony for a new memory semiconductor fabrication plant, Line-16, at its Nano City Complex in Hwaseong, Gyeonggi Province today.



“Although the global economic environment and business conditions remain changeable and uncertain, if we invest aggressively in expanding facilities and in hiring then these circumstances also present Samsung an opportunity for future growth and to stimulate the economy,” Samsung Electronics Chairman Kun-Hee Lee told executives attending the ceremony.



The decision to significantly increase facilities investment for 2010 was made to address indications of improving market conditions throughout the global consumer electronics and IT industries, while further strengthening Samsung’s leadership in memory semiconductors and LCD panels.



With the investment in new manufacturing lines, Samsung expects to hire 10,000 new employees in 2010, including 3,000 for the Semiconductor Business and 4,000 for the LCD Business.



The ground breaking ceremony was attended by around 500 Samsung Electronics executives including Chairman Kun-Hee Lee; Geesung Choi, President and CEO; Oh-Hyun Kwon, President of the Semiconductor Business; Sooin Cho, President of the Memory Division, Semiconductor Business; Sanghoon Lee, President of the Corporate Management Team; Juhwa Yoon, President and Chief Financial Officer; and Jay Y. Lee, Executive Vice President and Chief Operating Officer.



Boosts Investment in Memory Semiconductors



With today’s announcement, Samsung’s Memory Division will increase its facilities investment for 2010 from its original plan of 5.5 trillion won to 9 trillion won. The additional investment includes establishing the new Line-16 for DRAM, NAND and next-generation memory products in Hwaseong, and increasing the capacity of the existing Line-15 for the production of 30 nanometer (nm) class* DDR3 Dynamic Random Access Memory (DRAM).



To be constructed on approximately 560,000 square meters of vacant land within Samsung’s 1.6 million square meter Hwaseong complex, Line-16 is expected to produce 200,000 12-inch wafers monthly from 2011. It will be Samsung’s first new semiconductor line since the company opened its Line-15 in 2005. The phased investment in the new Line-16 is expected to total approximately 12 trillion won to completion, and will cement Samsung’s leadership in the memory segment.



Expansion of Line-15 will allow Samsung to increase the percentage of 30-nm-class DDR3 DRAM to more than 10 percent of its total production volume for electronic data processing (EDP) DRAM by the end of the year. This is in response to increasing demand for more energy-efficient, high-density memory using the most efficient process technology available.



Further, Samsung will also invest approximately 2 trillion won to fortify its System LSI operations in meeting growing demand for System-on-Chip (SoC) solutions for mobile handsets and digital TVs, and to strengthen its foundry business.



Additional LCD Line for Large TV Panels



Anticipating increasing demand for large-size LCD TV panels from next year and beyond, Samsung also will establish a new 8th generation LCD line at its Tangjeong Complex in South Chungcheong Province. Entailing an investment of 2.5 trillion won, the new Line 8-2 Phase 2 facility will have a capacity of 70,000 panels per month.



Together with earlier announced LCD investments, construction of Samsung’s fourth 8th generation LCD line will increase investment in LCD facilities for 2010 to a total of 5 trillion won.



Investment in Samsung Mobile Display to Expand AMOLED Leadership



Separately, joint venture Samsung Mobile Display Co., Ltd. announced it will invest an additional 2.5 trillion won to develop the world’s largest Active Matrix Organic Light Emitting Diode (AMOLED) display manufacturing facility in the Tangjeong Complex.



Samsung Mobile Display will establish the new 5.5 generation (1300x1500 mm) AMOLED line by 2012 with a capacity of 70,000 panels per month. Once complete, the line will be able to produce panels for applications in AMOLED TVs, allowing for further growth opportunities in the cutting-edge display technology.



About Samsung Electronics Co., Ltd.


Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of US$116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD.Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit SAMSUNG United States - Main.

Samsung Raises 2010 Investment Plan to Record 26 Trillion Won | News from SAMSUNG Electronics America, Inc.


2010 Investment Plan
on May 18, 2010

On May 17, 2010, Samsung Electronics announced capital expenditure and R&D of 26 trillion Won, its largest annual investment ever, in order to secure growth drivers and further strengthen the Company’s leadership in the global IT industry.

- Total Investment amount: KRW 26 trillion
• Total capital expenditure : KRW 18 trillion
* Semiconductors : KRW 11 trillion (KRW 9 trillion for memory business, KRW 2 trillion for System LSI business)
* LCD : KRW 5 trillion
• Investment in R&D : KRW 8 trillion

2010 Investment Plan | News from SAMSUNG Electronics America, Inc.


Samsung Outlines Investment Plans in Eco, Healthcare Industries
on May 13, 2010

Affiliate Companies to Invest 23 Trillion Won in New Businesses Through 2020

SEOUL, Korea – May 11, 2010 – Samsung today announced a long-term plan to invest 23.3 trillion Korean won through 2020 in new businesses in the environmental and healthcare industries.Five major new areas of investment outlined include solar cells, rechargeable cells for hybrid electric vehicles, Light Emitting Diode (LED) technologies, biopharmaceuticals and medical devices.



Samsung announced that the five new growth businesses are expected to create around 45,000 jobs and generate 50 trillion won in annual revenue for affiliate companies by 2020.



The investment plan was agreed on during a Samsung Council of Presidents’ meeting on May 10 attended by Samsung Electronics Chairman Kun-Hee Lee and heads of related affiliates and business units.Attending executives received presentations on market and technology trends in the new business areas and discussed the investment plans.



Key investments outlined during the meeting included:

- 6 trillion won in development and manufacture of solar cells, initial focusing on crystalline silicon technology and later on thin film.Expected to generate 10 trillion won in annual revenue and employ 10,000 workers by 2020.

- 5.4 trillion won to be invested in rechargeable cells for hybrid electric vehicles. Business is expected to generate 10.2 trillion won in annual revenue and employ 7,600 by 2020.

- 8.6 trillion won investment in LED technology for applications including backlit displays, lighting, and car electronics.Samsung LED expects to create 17.8 trillion won in annual revenues and employ 17,000 staff by 2020.

- 2.1 trillion won to be invested in biopharmaceuticals to explore opportunities in biosimilars market with expiration of long-held industry patents. Collaboration between Samsung Medical Center and related business units expected to generate 1.8 trillion won in annual revenue and employ 710 people by 2020.

- 1.2 trillion won in development and manufacture of electronic healthcare equipment with an initial focus on external diagnostics tools such as blood testing devices. Expected to create revenue of 10 trillion won annually and employ 9,500 people by 2020.


“Governments around the world are now investing in green industries to address the issues of depleting energy resources and the protection of our planet’s environment, which presentpressing challenges to the global community,” Kun-Hee Lee, Samsung Electronics Chairman, told participants at the meeting.He also encouraged attending executives to remember the fundamental responsibilities of Samsung as a corporate enterprise, saying: “the mission of any business is to contribute to people’s health and quality of life.”


“When other global companies hesitate, we must move ahead decisively to take this opportunity, and this will also benefit the country’s economy,” Mr. Lee said. “Striving to resolve unemployment, we should hire young and highly skilled employees also.”


Attendees at the meeting included Soontaek Kim, Vice Chairman and Head of Samsung’s New Business Development Committee; Geesung Choi, President and CEO of Samsung Electronics; Wonkie Chang, President of the LCD Business, Samsung Electronics; Chihun Choi, President and CEO of Samsung SDI; Jeawook Kim, President and CEO of Samsung LED; Kinam Kim, President of the Samsung Advanced Institute of Technology, Samsung Electronics; Jongchul Rhee, Head of Samsung Medical Center; Sanghoon Lee, President and Head of the Corporate Management Team, Samsung Electronics; and Jay Y. Lee, Executive Vice President and Chief Operating Officer, Samsung Electronics.

Samsung Outlines Investment Plans in Eco, Healthcare Industries | News from SAMSUNG Electronics America, Inc.

---------- Post added at 11:22 PM ---------- Previous post was at 11:22 PM ----------

i think you are right Justin,

we need more clafications otherwise i take it as a rumour

sir,

As i have debated with you on many occasions i found out you are quite informative about economics and reasonable person.

When there is no substance on the news i just highlighted the whole truth and people are calling names etc.

Anyways, I have visited Samsung's official website of SAMSUNG United States - Main and read each and every News/Press Release but THERE IS NO MENTION OF ANY INVESTMENT IN PAKISTAN LEAVE ASIDE US $ 20 BILLION.

I repeat there is no mention of even a single dollar investment in Pakistan.

In India every investment of rupees 1 crore generate about 10 jobs directly and indirectly.

US $ 20 billion means around 90,000 crore rupees.

That means that it will generate about 90,000 X 10 = 9,00,000 jobs are they going to generate around 1 million jobs in Pakistan????

No there is no truth in the news as it is clear by Samsung's official website.