BENGALURU (Reuters) – The Indian operations of South Korean giant Samsung Electronics were disrupted for a second day on Tuesday after hundreds of workers at its consumer electronics plant in southern India boycotted work to demand higher wages.
Here are facts about Samsung’s India operations and its strike-hit factory:
INDIA OPERATIONS
* Samsung entered India in 1995 and it has more than 200,000 retail outlets.
* Its last reported India net profit was $410 million, on annual revenue of almost $12 billion.
* Smartphones are Samsung’s biggest revenue generator in India, where it has more than a quarter of the market for the devices by value, Counterpoint Research estimates.
* It makes most of these in India, for a share of 18.1% in total smartphone shipments in India during the second quarter.
* One of Samsung’s two plants is near the southern industrial city of Chennai and the other, which it called the “world’s largest mobile factory” in 2018, is in the northern state of Uttar Pradesh.
* In India, Samsung is led by Chief Executive JB Park. It also makes many consumer electronic products and competes with LG Electronics and domestic rivals.
* The firm also runs three Research and Development facilities, two in Noida and one in the tech hub of Bengaluru, to develop products.
SOUTH INDIA PLANT
* The plant in Sriperumbudur near Chennai, the capital of Tamil Nadu state, opened in 2007.
* It makes refrigerators, televisions and washing machines, among other appliances.
* It accounts for 20% to 30% of Samsung’s annual India revenue of $12 billion and employs about 1,800 people.
* In 2022, the company said it would invest 15.88 billion Indian rupees ($189.15 million) in the state to make a compressor plant for refrigerators.
* Samsung was the leading player in India’s smart TV market during the first quarter of 2024, with a share of 16% of total shipments.
(Reporting by Munsif Vengattil; Editing by Aditya Kalra and Clarence Fernandez)
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