2009-07-25

Samsung Announces $4.29 Billion Initiative. AFP, July 20, 2009. "South Korea's Samsung Electronics Monday announced a 4.29 billion dollar plan to develop eco-friendly products and cut emissions from its manufacturing plants by 2013. The 'PlanetFirst' project focuses on achieving low-carbon growth, the company said in a statement. It involves cutting greenhouse gas emissions from plants by 50% and reducing total indirect emissions from all products by 84 million tons through 2013, as well as ensuring all products exceed global eco-mark standards... Investments in eco-management initiatives and environmental cooperation with suppliers and partners will be strengthened. The emissions cuts will come through improving the energy efficiency of products including TVs, refrigerators and air conditioners to the highest level in the industry, and reducing standby power consumption... Samsung Electronics, flagship of South Korea's largest business group, employs 164,600 people in 61 countries. It is the world's largest maker of computer memory chips and also a leading global producer of digital TVs, mobile phones and TFT LCD (Thin Film Transistor Liquid Crystal Display) screens."

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