Samsung Electronics to Invest KRW240 Billion in HVAC Production Line; Shares Fall 8%
MT Newswires Live
Aug 19
Samsung Electronics (KRX:005930) will invest about 240 billion won to build a heating, ventilation, and air conditioning (HVAC) production line at its Gwangju business site, according to a Wednesday release.
The move will anchor rising demand from the global HVAC market.
The production line will be in cooperation with air conditioning company Flact Group, which Samsung Electronics acquired last year, and Jeonnam Gwangju Integrated Special City.
The production line will produce coolant distribution unit (CDU), a core air conditioning product of Flact Group and a core equipment used for the AI data center liquid cooling system, at the start of 2028.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.