Samsung to Build Factory in South Africa

      July 22, 2014 12:32

      Samsung Electronics will build a TV factory in South Africa to meet rising demand on the continent. 

      A Samsung spokesman said the plant will be built in Durban.

      According to Bloomberg, Samsung will invest between W290 billion and W390 billion to build the plant (US$1=W1,027).

      Samsung wants to sell the TVs made there, mostly affordable LCD sets, across Africa.

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