Samsung targets 10% growth in 2006

Sat, 17 Dec 2005 | Source: ANTARA

JAKARTA: Sluggish economic growth has prompted PT Samsung Elektronik Indonesia (SEIN), a local unit of South Korean electronic giant Samsung, to lower its growth target to 10 percent next year from this year's 30 percent.

SEIN director of marketing Lee Kang-hyun said on Friday that 10 percent growth was "more realistic, regarding the nation's economic condition. Moreover, the situation is likely to continue in the next nine months, as projected."

"Nevertheless, Samsung's exports remain high, equal to last year. And Indonesia is still a potential strong market, thus Samsung will continue to invest here," he added.

Lee also said Indonesia would be the company's production base for exports. Samsung will design and produce new products, including cellular phones, televisions and washing machines. -- Antara

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