August 05, 1997 in Social Responsibility News

SAMSUNG Accelerates the Growth of Worldwide Optical Business

August 5,1997, Seoul, Korea: Samsung Electronics Co., Ltd. signed a contract with SPT Telecom Co.
in Czech Republic on July 25,1997 that commits over 6,800km optical cables. Since 1994, Samsung and SPT Telecom have made a 4 year successive contract over 25,000km optical cables.
Therefore, the market share of Samsung in Czech Rep. reaches 95%.

And on July 24, 1997, Samsung Electronics Co., Ltd. was awarded an optical cable bidding from CMC International Tendering Company in China. Samsung will provide over 1,800km cables from Shijiazhuang to Qinhwangdao in China.

Samsung Electronics has been also providing over 35,000km optical cables to 15 countries including Singapore, China, Norway and Filand. And, over 1million F-km optical fibers were provided to worldwide.
Recently, Samsung established an optical components business, Isolator, EDFA and Ferrule in Japan, China and Chile. Last May, Samsung succeded to make contracts with China and Japan to supply 400,000 optical ferruls.

Since 1995, the yearly growth rate of optical business has been over 100%. Moreover, putting over US$70million optical cables on sale will be expected in 1997. By the year 2005, Samsung intends to be one of the world's top three manufacturers of optical products.

Samsung Electronics Co., Ltd. a US$19 billion flagship company of the Korean-based Samsung Group, is a world producer of consumer appliances, A/V equipment, computers, telecommunications systems and semiconductors. The company's Information and Communications division grew 67% in 1996, with a sales of US$3.1 billion. In an effort to improve the company's brand image in this industry, Samsung Electronics signed on as The Olympic Partner (TOP) on May 9, 1997, in wireless communications for the 1998 Nagano Winter and 2000 Sydney Olympic Games.


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