Samsung Electronics is reportedly exploring the possibility of leasing its TV and monitor factory in Kaluga, Russia, in response to global business changes that have occurred since Russia invaded Ukraine in 2022. Several international companies have either stopped sales or temporarily stop their work in Russia due to the geopolitical situation.
According to South Korean media, including the Yonhap news agency, Samsung is considering the option of leasing its production facilities in Kaluga. This news follows a report by Kommersant on Tuesday, which suggested that local electronics wholesaler VVP Group is preparing to manufacture equipment under its own brand and for other companies at the Samsung plant. The information was attributed to anonymous sources within the electronics industry.
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