updated 04:55 pm EST, Fri November 7, 2008
Samsung Techwin spin-off
Korean manufacturer Samsung Techwin is planning on separating its camera business into a separate division but keep it under the same ownership, says a Friday report. The new company, due to be called Samsung Digital Imaging, will have a separate listing starting on February 1st of next year. The move is believed to differentiate the existing company from the Samsung Group's machinery and heavy industry division and allow the newly formed company's management to focus on the quickly growing consumer camera market.
Thus far, Samsung Techwin has been involved in producing mobile artillery, gas turbine engines, as well as other aircraft parts in addition to digital cameras. Most recently, the division released the NV-series of digital cameras along with an MX line of camcorders.