Samsung to develop new energy sources such as business investment 21 billion U.S
Samsung Group (SamsungGroup), announced in the next 10 years, 21 billion U.S. dollars investment in renewable energy and medical fields, to make them more diverse. Samsung is the world's largest electronics manufacturers, currently manufacturing computer chips and mobile phone-based.
This ambitious investment plan, is expected to be able to disperse over the years people of the Group's future business direction of speculation. Samsung is Korea's largest integrated large enterprises, accounting for one fifth of the total South Korean exports.
This latest investment program will help Samsung and better challenges, including the General Electric (GeneralElectric), Philips (PhilipsElectronics) and Sanyo Electric (SanyoElectric) including competitors.
Samsung Tuesday said its future development will be five engines: solar panels, rechargeable batteries for hybrid vehicles, LED technology, biotechnology, pharmaceutical, and medical equipment.
The Group expects that by 2020, these businesses will achieve annual sales of 44 billion U.S. dollars. The Group's sales in 2008 amounted to 191 trillion won (about 168 billion U.S. dollars). The group plans to 4.5 million employees by 2020, and currently employs 27.6 million people.
In the five weeks to determine the area of investment, there are three of the companies is not new business. It SamsungSDI subsidiary will invest 11.4 trillion won in the solar panel and rechargeable battery business, while its S-LCD will invest 8.6 trillion won to expand its LED business.
In addition, Samsung will invest 3.3 trillion won to open up two new businesses: biotechnology and medical device generic.
The Group's Samsung Electronics (SamsungElectronics) than last year, HP (Hewlett-Packard), to become the world's largest operator by sales of technology companies. The company is now the world's largest memory chip maker, the largest flat-panel TV manufacturers, and the second-largest mobile phone maker.
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