24 March 2013

Ethiopia: Samsung Electronics to Open Assembly Plant in Ethiopia

Samsung Electronics announced last week that it has concluded an agreement with the Ethiopian government to establish a laptop and printer assembly plant.

"We have finalised the agreement with officials from the Metal & Engineering Corporation (MetEC),"said Robert Ngeru, the Company's east Africa chief operating officer, at the fourth International Samsung Conference held last week in Cape Town South Africa.

By partnering with MultiChoice Ethiopia, Samsung also plans to offer consumers purchasing its television in Ethiopia, a free inbuilt decoder.

Samsung Electronics  is the flagship subsidiary of the Samsung Group,  a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul, and has been the world's largest information technology company by revenues since 2009.

Established in 1969, Samsung Electronics has been the world's largest television manufacturer since 2006 and the world's largest maker of LCD panels for eight consecutive years. It has assembly plants and sales networks in 61 countries and employs around 221,000 people.

Copyright © 2013 Addis Fortune. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.