Samsung LED picks Tianjin base

Source: Xinhua | May 11, 2009, Monday |

Print Edition

SAMSUNG LED, a light-emitting diodes company of the global electronics giant Samsung, has set up its first overseas manufacturing base in north China's port city of Tianjin.

Tianjin Samsung LED Co Ltd was established with a starting capital of US$30 million, according to the Tianjin Economic-Technological Development Area (TEDA) Administrative Commission.

Initial investment in the Tianjin base would be US$90 million, said Zhang Liang, a commission spokesman, on Saturday.

But Zhang said it was not clear when the base would be constructed and begin production of LEDs.

LEDs are a new generation of lighting source that is less energy-consuming and longer-lasting compared to traditional light sources.

LEDs are used in a wide range of products such as LCDs, mobile telecommunication devices and lighting equipment.

Samsung has so far invested in 11 manufacturing companies in TEDA, with an overall investment of US$1.6 billion. Tianjin takes about one third of the group's investment portfolio in China.

As north China's biggest port city and a traditional industrial base, Tianjin is aiming to become the country's third fast-growing region besides the two economic engines in the Pearl River Delta in south China and the Yangtze River Delta in east China.

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Samsung LED picks Tianjin base

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