Samsung will purchase $18 billion 500 million in China this year to reduce production costs

Recently, China Samsung held in Beijing, China's regional procurement strategy conference, the reporter was informed that in 2006 SamSung China will achieve a local procurement of about $18 billion 500 million in size, in order to reduce production costs.

It is reported that, in order to expand procurement in China, in December last year, the company transferred the original Hongkong international procurement center to Shanghai, and officially changed its name to China International Procurement center. To achieve a full range of procurement, the center also operates 10 international procurement offices, including Hongkong, Shenzhen, Tianjin, etc.. In 2005, China's total purchases amounted to $15 billion 300 million.