Samsung opens Kaluga plant

permalink e-mail story to a friend print version

Published 08 September, 2008, 13:00

Samsung electronics has opened a TV set production plant in Russia's Kaluga region.

Yahoo StumbleUpon Google Live Technorati

The $137 million project is expected to help the company increase its share of the Russian market to 30%.

Samsung plans to produce 2 million plasma and LCD TV sets annually. The plant will reach its full capacity in 2010. Kaluga region, near Moscow, is popular among global carmakers. Volkswagen and Peugeot-Citroen have plants there.

0/5 (0 votes)

rate this story

discuss it

05:11 Obama as seen by Russians

05:05 Bus collides with truck in Brazil, 3 killed, 31 injured

04:45 U.S. Senate votes to begin debate on Obama's health care reform

04:10 Karabakh settlement discussion

04:10 Azerbaijani, Armenian presidents to discuss Karabakh issue in Munich

04:10 Karabakh conflict discussion

03:11 Death toll from China coal mine blast rises to 87

02:15 Russia's purchase of French warship

RT asks

With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

vote view answers without voting

Biotech transforms waste timber into fuel of the future A Russian firm has unveiled a clean fuel which is expected to replace major pollutants such as diesel and petrol in cars. The company is owned by giant state holding Rostechnologies, not previously known for...

Stocks tumble as skittish investors bail out Russia’s stock markets have fallen to their lowest levels since 2006, with Tuesday and Wednesday seeing the biggest 2 day fall since December 2000. Redemptions from investors and margin calls, coupled with geopolitical

PM pushes for aircraft production to shape up Russia may cut import duties for foreign aircraft components in a bid to boost the flagging domestic civil aviation industry. That's just one of the measures Prime Minister Vladimir Putin proposed when he met aircraft ma

National Welfare Fund to invest for longer term and better return The finance ministry is to put Billions of dollars of Russia’s National Welfare Fund into long term investment at home and abroad. The long-awaited move should bring a stable source of income for the pension fund and...

Russia’s oil exchange commences regular trading Russia's first oil exchange has started regular trading sessions for oil products ranging from jet kerosene to heavy fuel oil.

National Welfare Fund to invest in shares and corporate bonds Russia’s National Welfare Fund, created from windfall oil revenues, will invest up to 50% of its funds in shares and 30% in corporate bonds, commencing from the start of 2009 according to Deputy Finance Minister, Dmitry...

OPIN posts 1H Net Profit jump Russian property developed OPIN has unveiled a 1H 2008 Net Profit of $90.6 million under IFRS.

Mechel starts construction of Vanino coal terminal Russian mining and metals company, Mechel, has commenced the initial stages of a project which will lead to the construction of a $470 million coal loading terminal at Vanino, in Russia's Far East.

Sitronics narrows Net Losses 1H 2008 Russian telecommunications, IT and microelectronics producer, Sitronics, has posted a Net Loss for the first half of 2008 of $20.2 million under U.S. GAAP.

Dixy swings to profit 1H 2008 Russian retail grocery chain, Dixy, has unveiled a Net profit of $10.9 million for 1H 2008 under IFRS.

Federal Anti-Monopoly service fines Gazprom over pipeline access Russia's Federal Anti-Monopoly Service says it will fine gas monopoly Gazprom for restricting access to its pipeline network.

Baikalsk Mill likely to miss September cleanup deadline A major industrial polluter of the world's largest freshwater lake is set to miss the government's September deadline to clean up its act. Experts say only the sheer size of Russia's Lake Baikal is saving it from...

Sberbank ups corporate interest rates as liquidity ebbs Russia’s biggest bank, Sberbank, has increased its lending rates for companies by up to three per cent. Analysts say this will lead to a significant rise in cost of borrowing for the overall economy.

Adidas signs up to sponsor Russian football Sportswear firm Adidas has signed a sponsorship deal with the Russian Football Federation until 2018. The company will supply RFU teams including the national and Olympic football teams.

Oil taxes cut to spur exploration and refining Russia's Energy Ministry is to cut taxes in the oil industry to help stimulate investment in exploration and refining.

Russian steelmakers look to the future on appetite of U.S. buys Russia's largest steelmaker, Severstal, has announced a record high first-half net profit. It rose 69%, just behind Evraz Group, with an 82% jump, and another major producer, Novolipetsk Steel, boosted its profits by...

Russia prepares to ride out the credit crunch For more than a year Russia has seemed immune to the liquidity crisis. But now it's starting to feel the squeeze, and Russia's Central Bank stepped in on Monday, offering banks around $8 Billion worth of Repo auction...

TNK-BP deal points to new opportunities and growth Russian-British oil major, TNK-BP, resolved its long-running shareholder dispute this week, with the deal promising to benefit both BP and Russian shareholders of the AAR Consortium.

AirUnion woes lead to new airline as governments act This week saw the proposed merger of Russia's troubled AirUnion with Alant-Soyuz, after flights were cancelled repeatedly due to the non payment of fuel charges. The sight of passengers left stranded by troubled...

AAR’s Polovets hails TNK-BP agreement Stan Polovets, CEO of the AAR consortium which represents the Russian shareholders in TNK-BP, has hailed the agreement signed on Thursday between BP and AAR on the future management of the Russian-British oil major.

MTS mulling Evroset buyout Russia's largest mobile operator, MTS, says its considering the acquisition of the country's biggest cellular retailer – Evroset according to the principal owner of MTS' controlling shareholder AFK Sistema,...

Profit not politics the focus for Russian companies in Georgia Trade relations between Georgia and Russia go back nearly a thousand years. Some Russian companies have become a part of Georgian daily life, and remain so despite political tensions between the two nations.

Evroset employees arrested on kidnapping charges Two top officials with Russia's largest mobile phone retailer, Evroset, have been detained on charges of kidnapping and extortion. The company's vice president Boris Levin and deputy security chief Andrei Yermilov are...

Shares jump on TNK-BP agreement. Shares of TNK-BP, a Russian joint venture of British Petroleum, jumped 13 percent on Thursday on the news that the company reached a deal, ending an ongoing dispute. The agreement between shareholders will see CEO...

Comstar UTS sees Net Income up 38% 1H 2008 Leading Russian telecommunications provider Comstar UTS has unveiled a 1H 2008 Net Income of $84 million, up 38% year on year under U.S. GAAP.

TNK-BP shareholders sign MOU to resolve differences en route to IPO Shareholders in Russian energy producer TNK-BP have signed a Memorandum of Understanding, paving the way for a resolution of conflicts which have beset the company.

NLMK to outlay $400 million for US steel producer Beta Steel Russian steelmaker NLMK has agreed to buy Beta Steel Corporation of the United States for $400 million, in the latest Russian foray into the U.S. Steelmaking sector.

Severstal posts 1H 2008 Net Profit of $1.94 Billion Russian steelmaker, Severstal, has posted a Net Profit for 1H 2008 of $1.94 Billion, up 69% year on year under IFRS.

More tax cuts on the way A senior government official has pledged loans and fresh tax cuts to Russian industry. August was the country's worst month so far in the credit crisis, after company borrowing collapsed 80% in July.

Russia gains the upper hand on Central Asian gas During his trip to the Caucasus, U.S. Vice President Dick Cheney received a cool reception in Azerbaijan. President Ilham Aliev indicated Baku would not support redirecting oil and gas flows to bypass Russia. Russia is...

Samsung opens Kaluga plant

RT asks

Let’s tax sunshine & marijuana – ideas from NY

Masked gunman kills priest in Moscow

Efficient modernization – vision from Pres and PM

United Russia party should change itself – Russian president

In condoms we trust: can contraceptives cool the planet?

Youth group vows to get “Putin’s granny” out of psychiatric clinic

Corruption clouds ability to address economic reform

Prime Ministers put on smiles to fend off new gas dispute

PPP puts toll roads into overdrive

Severstal posts 3Q 2009 Net Profit of $66 million

RusHydro to oversee reconstruction of Boguchansk hydropower plant

Russian car buyers drop gear to go down market

Wal-Mart resignation throws further light on competitive Russian retail market

Remembering Mstislav Rostropovich

The forbidden fruit of political irony in art

A-ha back in Russia to say goodbye

Skiing chiefs threaten Russian Olympic committee

Rubin claim Russian football crown for second consecutive year

Sarkozy apologizes for Henry’s handball skills

Remember the Large Hadron Collider? It’s alive & kicking!

Cannibals survived brain disease epidemic thanks to a mutation

Fusion power project launch date doubted