On 3rd April 2018 Fair Electronics Limited has announced the inauguration of a new manufacturing plant at Narsingdi to produce a wide range of 4G smartphones for Samsung Electronics in Bangladesh. Please see the detail news coverage in the attached file.
The 58,000 sq ft state-of-the-art plant will generate over 500 new jobs and many more indirect jobs, bringing in affordable smartphones to consumers and encourage more investments in Bangladesh.
This new manufacturing plant reinforces Samsung’s commitment to Bangladesh and is aligned with the nation’s Digital Bangladesh Vision 2021, which is driving the use of digital technology in the country. Samsung will be the first global handset company to set up a manufacturing plant in Bangladesh.
Samsung is a global innovation leader, a standing it is very proud of, and committed to maintaining. To develop breakthrough technologies and stay ahead of technology trends, the Company makes bold and sustained developments in R&D, resulting in its teams constantly delivering breakthroughs and discoveries in technology and design. In 2017, Samsung invested over $15 billion on R&D globally.
Bangladesh is one of the largest and fastest growing smartphone markets today. Samsung believes in the potential of the market and sees a lot of demand for its smartphones in the country. This new plant will help in fulfilling that demand.
This manufacturing plant is in line with the policies of the Government of Bangladesh and will help increase localisation, create more jobs and also a robust technology workforce in the country.
Samsung entered Bangladesh in 2009 and today it also runs Samsung R&D Institute Bangladesh that works on developing mobile applications, B2B solutions and on localization.
The manufacturing facility in Bangladesh will follow stringent quality assurance processes and standards in line with those followed by global facilities of Samsung.
Mr. Seungwon Youn, Managing Director, Samsung Electronics Bangladesh, said, “As a part of our commitment to provide genuine and world-class Samsung products to our valued customers in Bangladesh, we are delighted to announce the new mobile manufacturing plant in Bangladesh with our partners, Fair Electronics Limited. We are sure the range of Samsung 4G smartphones will help the country achieve its digitalisation goals as we move forward.”
Mr. Ruhul Alam Al Mahbub, Chairman, Fair Group, said, “We are proud that Fair Electronics Ltd, which is a part of Fair Group, will manufacture 4G smartphones in Bangladesh for Samsung Electronics. With Samsung’s technology and knowledge, we will make sure Samsung’s globally standardized products will be brought in for customers in Bangladesh at an affordable price.”