South Korea's Samsung Group is building in China's Tianjin municipality its largest production and R&D base for mobile phones beyond its home country.

Samsung has become the biggest mobile phone manufacturer in China with its investment jumping from 29 million U.S. dollars to 197 million U.S. dollars since January in the north China port city.

According to Tianjin Commission of Commerce, in the first month of the year, foreign capital raised by Tianjin Samsung Telecom Technology Co., Ltd. rose from 10.80 million U.S. dollars to 59.4 million U.S. dollars. Based on the current annual capacity of 24 million GMS mobile phones, an extra of 17.7 million sets has been added. Totally 42 million sets are expected to bring each year 4.6 billion U.S. dollars of sales.

To meet the demands in China and the world, Samsung headquarters has put it on the agenda to develop Tianjin as its largest mobile phone base in China and overseas.

By People's Daily Online