Samsung mulls Indonesia phone factory

Reading Time: 2 minutes
Samsung vietnam
Samsung currently produces mobile phones for the Indonesian market in factories in Vietnam

Samsung Electronics, together with Apple the world’s top smartphone producer, is thinking about setting up a factory in Indonesia to produce mobile phones and smartphone devices for the huge domestic market in the country.

Executives of PT Samsung Electronics Indonesia expressed the firm’s interest in setting up a mobile phone factory during a meeting with Industry Minister MS Hidayat on February 26 in Jakarta, the ministry said.

Samsung explained it would like to cut down phone imports and rather produce them locally due to the high demand in Southeast Asia’s largest economy, and also curb grey imports of its products.

Indonesia has seen demand for consumer goods — including mobile phones — rise significantly in recent years thanks to an emerging middle class that makes up more than half of the population. The country imported approximately 50 million mobile phones worth $4.5 billion in 2012, and $1.2 billion of the value was made up by Samsung products.

Samsung is currently producing its phones mainly in China and recently opened two factories in Vietnam, from where the products are exported to Indonesia. However, given the fact that Indonesia has emerged into one of the world’s largest mobile phone markets with a SIM penetration of 120 per cent of its 240 million population, it certainly makes sense for Samsung to set up shop in the country.

The South Koreans’ move followed the announcement of Taiwanese Foxconn, contract manufacturer for Apple, Samsung’s main competitor, to set up new factories in Indonesia and invest up to $10 billion in the country over five years, a plan that is currently being discussed with Indonesia’s Investment Coordinating Board.

 

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Reading Time: 2 minutes

Samsung currently produces mobile phones for the Indonesian market in factories in Vietnam

Samsung Electronics, together with Apple the world’s top smartphone producer, is thinking about setting up a factory in Indonesia to produce mobile phones and smartphone devices for the huge domestic market in the country.

Reading Time: 2 minutes

Samsung vietnam
Samsung currently produces mobile phones for the Indonesian market in factories in Vietnam

Samsung Electronics, together with Apple the world’s top smartphone producer, is thinking about setting up a factory in Indonesia to produce mobile phones and smartphone devices for the huge domestic market in the country.

Executives of PT Samsung Electronics Indonesia expressed the firm’s interest in setting up a mobile phone factory during a meeting with Industry Minister MS Hidayat on February 26 in Jakarta, the ministry said.

Samsung explained it would like to cut down phone imports and rather produce them locally due to the high demand in Southeast Asia’s largest economy, and also curb grey imports of its products.

Indonesia has seen demand for consumer goods — including mobile phones — rise significantly in recent years thanks to an emerging middle class that makes up more than half of the population. The country imported approximately 50 million mobile phones worth $4.5 billion in 2012, and $1.2 billion of the value was made up by Samsung products.

Samsung is currently producing its phones mainly in China and recently opened two factories in Vietnam, from where the products are exported to Indonesia. However, given the fact that Indonesia has emerged into one of the world’s largest mobile phone markets with a SIM penetration of 120 per cent of its 240 million population, it certainly makes sense for Samsung to set up shop in the country.

The South Koreans’ move followed the announcement of Taiwanese Foxconn, contract manufacturer for Apple, Samsung’s main competitor, to set up new factories in Indonesia and invest up to $10 billion in the country over five years, a plan that is currently being discussed with Indonesia’s Investment Coordinating Board.

 

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