• Thursday, Dec 02, 2021
  • Last Update : 04:42 pm

Bangladesh begins manufacturing Samsung ACs

  • Published at 12:18 am January 28th, 2021
Samsung AC factory visit Palak Fair Electronics
ICT State Minister Zunaid Ahmed Palak inspects the new Samsung AC manufacturing factory premise with top Fair Electronics officials at Shibpur in Narsingdi on Wednesday, January 27, 2020 Courtesy

'We are inaugurating this latest Samsung air conditioner manufacturing plant to fulfill our customer demand within their affordability'

After smart TVs, South Korean home appliance and electronics giant Samsung is all set to produce air conditioners (ACs), with the launching of their new production plant at Shibpur in Narsingdi on Wednesday.

ICT state minister Zunaid Ahmed Palak inaugurated the plant, which is owned by Fair Electronics, Samsung's sole authorised manufacturer of mobile phones and consumer electronics products in Bangladesh, said a press release.

As a result of local production, the domestic AC units will have a 30 per cent value addition, thus their retail prices are expected to drop 25-30 per cent, Fair Electronics officials told the media.

"The new Samsung factory will bring confidence of foreign investors especially hi-tech companies which will enhance our employment opportunities. We hope they will contribute in our export in near future," said Palak.

“We are inaugurating this latest Samsung air conditioner manufacturing plant to fulfill our customer demand within their affordability. This factory will generate employment and will bring foreign currency by exporting locally-produced ACs and other consumer electronics," said Ruhul Alam Al Mahbub, chairman of Fair Group.

He also said that at least 100,000 units of ACs were expected to be churned out of the new plant in the next five years.

Lee Jang-Keun, the Korean ambassador to Bangladesh, senior Fair Electronics officials and others were also present.

According to a market research report published last year by LankaBangla Investment, approximately 25 local and foreign companies are marketing different types of air conditioners in Bangladesh.

The market size stood at Tk 6,500 crore last year, with local companies contributing two-fifths of the market.  

60
Facebook 55
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail