Samsung Acquires Amica's Manufacturing Facilities in Poland
Samsung Electronics Co. Ltd. acquires the Poland-based refrigerator and washing machine manufacturing facilities from Amica, the Polish home appliance manufacturer, in a deal valued at US$76 million. The acquisition includes Amica's Poznan city factory and its assembly line for refrigerators and washing machines. It marks an important step toward Samsung's goal of being a market leader in the European home appliance market, which is estimated to be around US$50 billion.
"This acquisition provides Samsung with the assets it needs to reach the top of Europe's home appliance market, due to the synergy generated by Samsung's technology and excellent human resources in Poland," says Sangheung Shin, president of Samsung Electronics European Headquarters.
The establishment of a manufacturing base in Poland marks the seventh country around the world in which Samsung is producing home appliances. Previously, most Samsung appliance products sold in Europe have been supplied from China and other countries in Southeast Asia. Securing a production facility in Europe is expected to significantly decrease the current supply chain lead time of more than four weeks and minimize distribution costs. The other countries where Samsung produces home appliances are Korea, China, Thailand, Malaysia, India and Mexico.
"This acquisition provides Samsung with the assets it needs to reach the top of Europe's home appliance market, due to the synergy generated by Samsung's technology and excellent human resources in Poland," says Sangheung Shin, president of Samsung Electronics European Headquarters.
The establishment of a manufacturing base in Poland marks the seventh country around the world in which Samsung is producing home appliances. Previously, most Samsung appliance products sold in Europe have been supplied from China and other countries in Southeast Asia. Securing a production facility in Europe is expected to significantly decrease the current supply chain lead time of more than four weeks and minimize distribution costs. The other countries where Samsung produces home appliances are Korea, China, Thailand, Malaysia, India and Mexico.