Sapphire Electronics (Pvt) Limited, a wholly owned subsidiary of Reliance Cotton Spinning Mills Limited, has signed an agreement with Samsung Electronics Co. Ltd, Republic of Korea, and Samsung Gulf Electronics Co., FZE, UAE.
The deal aims to manufacture and assemble Samsung-branded electronic products and home appliances for the Pakistani market.
In a notification to the Pakistan Stock Exchange on Monday, Reliance Cotton Spinning Mills, the parent company, stated that the partnership would allow the company to produce and sell Samsung’s products locally.
This move is expected to strengthen Samsung’s presence in Pakistan’s electronics and home appliance sector while boosting domestic production capabilities.
