Connect to share and comment

Samsung General Chemicals absorbs Samsung Petrochemical

SEOUL, April 2 (Yonhap) -- Samsung General Chemicals Co., an unlisted unit of South Korea's Samsung Group, said Wednesday that it will merge with Samsung Petrochemical Co., another unlisted subsidiary. The merged company, to be named Samsung General Chemicals, will be launched on June 1, with shareholders to get 2.14 Samsung General Chemicals shares for each Samsung Petrochemical share they have.

Samsung C

Renault Samsung sales fall 13.8 pct in March

SEOUL, April 1 (Yonhap) -- March sales by Renault Samsung Motors Co. fell 13.8 percent last month from a year earlier due to weak exports, the South Korean division of French automaker Renault SA said Tuesday. The country's smallest car manufacturer by sales said it sold 10,782 vehicles last month, compared with 12,509 units tallied in the third month of 2013. The press release said domestic sales shot up 17.2 percent on-year to 5,588 units, with overseas sales hitting 5,194 vehicles for a loss of 32.9 percent.

Samsung Engineering secures US$840 mln Iraq plant order

SEOUL, March 31 (Yonhap) -- Samsung Engineering Co., one of South Korea's top builders, said Monday that it has secured a US$840 million gas oil separation plant order from Iraq. The contract is part of the larger Zubair Oil Field Development Project, which, once completed, will produce 200,000 barrels of oil per day. The Zubair oil field is located near Basra, some 480 kilometers southeast of Baghdad. Samsung secured the deal from a consortium led by Italy's ENI S.p.A., Iraq's Missan Oil Company, Occidental and Korea Gas Corp.

Samsung SDI to merge Cheil Industries

SEOUL, March 31 (Yonhap) -- Samsung SDI Co., the world's top maker of TV displays and smartphone batteries, said Monday it will merge with Cheil Industries Co., another Samsung affiliate that produces electronic and chemical materials, a move seen as part of generational ownership transfer within Samsung Group and efforts to bolster corporate restructuring. The merged entity will be launched on July 1, the company said in a regulatory filing, adding that shareholders of Cheil will get 0.44 SDI share for every Cheil share they own.

S.Korea's Samsung SDI absorbs materials unit

Samsung SDI, the world's largest smartphone battery maker, said Monday it would absorb an affiliate producing electronic chemical materials, in the latest restructuring of the giant Samsung Group. The firm said it would complete the merger with Cheil Industries by July 1 through a stock swap. Both firms are units of Samsung Group, South Korea's largest business conglomerate.

Samsung SDI to merge Cheil Industries

SEOUL, March 31 (Yonhap) -- Samsung SDI Co., the world's top maker of TV displays and smartphone batteries, said Monday it has merged with Cheil Industries Co., a Samsung affiliate that produces electronic chemical materials among others. Samsung SDI's market capitalization is estimated to have increased to 10 trillion won (US$9.37 billion) through the acquisition, with 14,000 employees and a net asset of 15 trillion won, industry watchers said.

Samsung SDI to merge Cheil Industries

SEOUL, March 31 (Yonhap) -- Samsung SDI Co., the world's top maker of TV displays and smartphone batteries, said Monday it will merge with Cheil Industries Co., a Samsung affiliate that produces electronic chemical materials. The arrangement is for Samsung SDI to absorb Cheil into its fold, with the merger swap ratio set at 1-to-0.44. The deal was slated to be approved at the shareholders' meeting on May 30, and all procedures for the merger will be completed by July 1, the company said. Samsung SDI plans to keep its corporate name after the merger.

Worker killed in gas leak at Samsung

By Kang Yoon-seung SUWON/SEOUL, March 27 (Yonhap) -- A gas leakage at a Samsung facility in southern Seoul sparked by a malfunction of the fire extinguishing system left one worker dead, local authorities said Thursday, raising concerns over the safety conditions at the country's top tech giant amid a series of similar accidents. Local police and fire authorities said the building's safety system released carbon dioxide after it wrongly detected fire, suffocating a 52-year-old man who worked for a partner company of Samsung.

Worker killed in gas leak at Samsung plant

By Kang Yoon-seung SUWON/SEOUL, March 27 (Yonhap) -- A gas leakage at a Samsung facility in southern Seoul sparked by a malfunction of the fire extinguishing system left one worker dead, local authorities id Thursday, raising concerns over the safety conditions at the country's top tech giant amid a series of similar accidents. Local police and fire authorities said the building's safety system released carbon dioxide after it wrongly detected fire, suffocating a 52-year-old man who worked for a partner company of Samsung.
Syndicate content