ID :
24221
Mon, 10/13/2008 - 18:48
Auther :
Shortlink :
http://m.oananews.org//node/24221
The shortlink copeid
Samsung SDI to invest 111.7 bln won in battery output
SEOUL, Oct. 13 (Yonhap) -- Samsung SDI Co., the world's second-largest maker of plasma screens, said Monday it plans to invest 111.8 billion won (US$90.5 million) to increase production of rechargeable batteries.
The money will be put in to upgrading its facilities in its plant in Suwon, south
of Seoul, from the month until August of next year, the South Korean company said
in a regulatory filing.
The battery business of Samsung SDI, an affiliate of Samsung Group, is currently
the sole bright spot for the company, whose business portfolio also includes
plasma displays and mobile panels. Its battery division posted a 23-percent rise
in sales to a quarterly record of 411 billion won in the second quarter.
The money will be put in to upgrading its facilities in its plant in Suwon, south
of Seoul, from the month until August of next year, the South Korean company said
in a regulatory filing.
The battery business of Samsung SDI, an affiliate of Samsung Group, is currently
the sole bright spot for the company, whose business portfolio also includes
plasma displays and mobile panels. Its battery division posted a 23-percent rise
in sales to a quarterly record of 411 billion won in the second quarter.
