Samsung to focus on advanced manufacturing

Company's investment in Wuxi shows its commitment to industrial upgrading

South Korea's Samsung Group is increasing its investment in advanced manufacturing in China, as a new electronics material factory in Wuxi, Jiangsu province, is expected to open in the second half of this year.

Built with an investment of $240 million, the factory will produce polarized film and photovoltaic paste. It will produce 34 million square meters of polarized film a year, which is mainly used in large-screen LCD TVs. Photovoltaic paste, which is a key material in solar cells, will achieve mass production in July - starting with 40 metric tons per month with plans to rise to 100 tons.