Samtel on Rs 310 cr picture tube expansion

Leading entertainment display devices manufacturer Samtel Group has embarked on a Rs 310 crore capacity expansion for its television picture tube manufacturing, while it has also decided to foray into plasma screen and flat panel manufacturing.

Kanpur, June 06: Leading entertainment display
devices manufacturer Samtel Group has embarked on a Rs 310
crore capacity expansion for its television picture tube
manufacturing, while it has also decided to foray into plasma
screen and flat panel manufacturing.

The company has also chalked out plans for the commercial
production of Organic Light Emitting Diodes (OLED) screens,
which it has developed in collaboration with IIT, Kanpur, and
department of Science and Technology, in another 18 months.

"By next year the total picture tube capacity of the
company will reach about 10 million units from the current
level of half a milion as our capacities are being expanded,"
Samtel Colour Ltd chairman and managing director Satish k
Kaura said here.

He said the company has invested about Rs 310 crore in
total for expanding the existing capacity of its Dadri (UP)
plant and setting up of a Greenfield plant at Kota in
Rajasthan.

"This year, our overall picture tube production capacity
should be 8.5 million units," he said. Adding of the total of
10 million units is expected next year and 3.3 million units
would be exported.

Kuara also said, going forward, the company planned to
foray into the plasma and flat screen manufacturing.

Bureau Report

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