Lucky Motors signs deal to produce Samsung Mobiles in Pakistan Samsung

Lucky Motors signs deal to produce Samsung Mobiles in Pakistan

KARACHI: Lucky Motor Corporation Limited (LMC) on Friday announced to produce Samsung Mobiles in Pakistan.

Lucky Cement Limited is the parent company of Lucky Motors. The company is manufacturing and assembly of motor vehicles. It is assembling KIA and Peugeot branded motor vehicles.

In a notice to Pakistan Stock Exchange (PSX), the company recently entered into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) for producing Samsung branded Mobile Devices in Pakistan.

In pursuance of this transaction, LMC has initiated the process of seeking necessary regulatory approvals to carry on the business. In this regard, the company has filed an application with Pakistan Telecommunication Authority (PTA) for securing the license.

The production facility for producing Samsung Mobile Devices will be located at LMC’s existing plant facility producing vehicles at Bin Qasim Industrial Park, Special Economic Zone, Port Qasim, Karachi. The factory for production will be ready by December 2021.

Leave a Reply

You have to agree to the comment policy.