Samsung to shut down TV plant in Malaysia
SAMSUNG Electronics Display (M) Sdn Bhd (SDMA) is ceasing the operations of its TV manufacturing plant in Seremban in Negeri Sembilan state in Malaysia.
Malaysian Investment Development Authority (Mida) chief executive Azman Mahmud said yesterday that apart from the challenging business environment and changing market conditions, the move was also under the group's restructuring of the whole operations in Malaysia
But Mida pointed out Samsung continues to make Malaysia an important base within the Asean market through its other entities such as Samsung Electronics Malaysia Sdn Bhd (Sema), Samsung Malaysia Electronics Sdn Bhd (SME) and Samsung SDI Energy Sdn Bhd (SDIE).
Sema is the only Samsung manufacturing plant producing microwave ovens in the world while SDIE produces one-third of Samsung's global cell battery production.
Samsung Engineering (Malaysia) Sdn Bhd is heavily involved with several hydrocarbon and industrial projects in Malaysia.
Mida said Samsung as a group in Malaysia will continue to maintain its more than 5,000 workforce in the country.
The affected workers could potentially be absorbed into other Samsung companies in Malaysia.
From January to September last year, the country attracted 521 additional manufacturing projects.
Negeri Sembilan itself drew 29 new manufacturing projects.
These approved manufacturing projects will create jobs for 1,930 locals in the state.
Mida added that the electrical and electronics industry continues to be a key driver of the Malaysian economy, with significant contribution to the country's manufacturing output, employment, investments and exports.
THE STAR/ASIA NEWS NETWORK