Samtel to produce 8.6 million pic tube units

NEW DELHI

June 8, 2006

The Samtel Group is planning to expand its picture tube manufacturing market,
with a forecast of producing 8.6 million units this year. The company has
embarked on Rs 310 crore capacity expansion for its television picture tube
manufacturing. Satish K Kaura, CMD, Samtel Color Limited said that company has
invested about Rs 310 crore for expanding the existing capacity of its plant at
Dadri, Uttar Pradesh and is setting up a plant in Kota, Rajasthan.

“From the current half a million production of the picture tube, this year
the production should be 8.6 million units. Next year we are planning production
of 10 million units,” Kaura said. He added that the company would focus mainly
on the domestic market.

However, it might export 3.3 million units for the foreign market. “But we
have not finalized the number of units to be exported as we will be mainly
focusing on the local market,” he added.

Speaking about the flat panel and LCD market, Kaura said that company would
venture in to the plasma and flat screen manufacturing. He said that presently
the plan is being discussed and would take about six to eight months for
finalization.