The Hindu Business Line : Samtel to invest Rs 350 cr to double capacity

"We are looking at an investment of about Rs 350 crore for adding more tube capacity. We expect to double our capacity in the next two years," Mr Satish K. Kaura, Chairman and Managing Director of Samtel Color Ltd said.

Stating that the current picture tube capacity is about 5.5 million, he added that this would be scaled up to over 10 million going forward.

"The expansion would take place within our current campuses in Kota and Ghaziabad. The investment for the expansion will be funded largely from internal accruals and some from debt," he added.

Samtel Group which mainly focuses on display components including tube based displays for TVs, desktop monitors and now plasma, expects to clock a turnover of Rs 1,500 crore in the current financial year.

The group's turnover stood at about Rs 1,200 crore last year, he added.

"At present, about 25 per cent of what we make goes overseas but in the next few years we expect this exposure to increase to about 45 per cent," he added.

He, however, pointed out that Europe and Asia would continue to be the focus markets for the company, in the coming years.

On Samtel's plans for computer monitors, he said, "World-over computer monitors are being replaced by LCDs so we are currently not focusing on computer monitors at all. We are mainly focused at this point on television. We are looking at plasma display devices," he said.

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