Samsung factory in Upper Egypt to open in June

Ahram Online, Monday 13 May 2013

Trade Minister Hatem Saleh says Samsung factory in Beni Suef will begin production in June

Samsung Electronics Co., the South Korean technology powerhouse, will begin production at its factory in Upper Egypt in June, Trade Minister Hatem Saleh said in a statement on Monday.

The company plans to produce 2 million units of TVs and screens in the first phase at the factory in Beni Suef, which was built with investments totalling LE1.8 billion (approx. $257m).

It expects to achieve exports worth $1 billion in the first years of operations, according to the statement.

The factory is Samsung's biggest compound in the Middle East and Africa and is expected to provide 2,000 jobs.

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