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Samsung Plans $18.5 Billion China Outsourcing
April 24, 2006 |
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Comments | Category: Gadgets & Electronics
Samsung has disclosed to media at its China Region Outsourcing Strategic Conference that in 2006 it will outsource about US$18.5 billion to China in an attempt to help lower its production costs.
In order to enlarge its outsourcing on the Chinese mainland, Samsung has moved its international outsourcing center from Hong Kong to Shanghai and renamed it the China International Outsourcing Center.
This center runs ten outsourcing offices of Samsung in Hong Kong, Shenzhen and Tianjin.
In 2005, Samsung bought $15.3 billion of assets into China.
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