Samsung to build phone factory in Indonesia

|About: Samsung Electronics Co., Ltd. (SSNLF)|By:, SA News Editor

Samsung (OTC:SSNLF, OTC:SSNGY) is planning to set up a factory to produce mobile phones primarily for Indonesia, one of the world's fastest growing markets for the devices.

Production capacity at the facility in West Java will be initially set at 100K units per month, but will eventually climb to 900K.

Seeing sales of its flagship Galaxy models weaken in more established markets, Samsung is turning to markets with low smartphone penetration rates and higher disposable incomes like Indonesia.