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Samsung downplays effects of power outage

Posted: 08 Aug 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Samsung plant? plant damage? plant operations?

After announcing that its Kiheung plant is already operating in full swing after several hours of power outage over the weekend, Samsung Electronics Co. Ltd opened its semiconductor production line to the media Mondaya rare move for this South Korean chipmaker.

Chang-Sik Choi, Samsung executive VP, said the damage has been minimal as the backup power units had kicked in just in time.

The exact cause of the power disruption has not yet been isolated. An investigation is underway but it is expected to take a while before results are known.

In an August 6 statement, Samsung President Chang-gyu Hwang allayed fears of significant ripple effect from the incident, saying the company's Q3 performance will show that the Kiheung plant has indeed been operating normally. "Although I'm aware [that] worries abound about this incident, I'd like to assure you that even our performance for August will be recovered as close to its target as possible," Hwang said.

Samsung has pegged its possible losses from the power outage at $43.4 million.




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