Samsung to Spin Off Camera Unit as Separate Business

Samsung Techwin Logo

South Korea’s Samsung Techwin Co Ltd plans to separate its camera business into an independent entity in a bid to help the loss-making operation make a profit. The new company, tentatively named Samsung Digital Imaging, will be listed in the stock markets separately beginning Feb. 1, 2009.

Market observers say the spin-off could boost the share price of Samsung Techwin, who has other profitable business operations in chip components, aircraft engines and gas turbines. Samsung Techwin is 25.5% owned by Samsung Electronics Co Ltd.

The move could also place Samsung’s camera business in a better position to compete with better-known brands such as Canon, Nikon and Sony, analysts say. Poor sales prospects amid the global downturn have weighed on Samsung Techwin’s camera business, which is also saddled with heavy research and marketing expenses.

[Via: Reuters.com]
[Site: Samsung Techwin]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

Praktica MTL 3 Camera Pentacon SLR & hanimar Auto 2.8 35mm Lens picture
Praktica MTL 3 Camera Pentacon SLR & hanimar Auto 2.8 35mm Lens
Hanimar Auto
Hanimar Auto "S" 1:2.8 f=135mm Lens M42 Praktica Screw Mount #5302
Vintage HANIMAR AUTO
Vintage HANIMAR AUTO "S" f=135mm 1:28 55 No.751092
Hanimar Auto
Hanimar Auto "S" f-135 mm 1:2.8
HANIMAR AUTO
HANIMAR AUTO "S" 1:2.8 f=135mm No.56094 CAMERA LENS M42 SCREW MT PLUS CASE