en.Wedoany.com Reported - Samsung Electrical's overseas subsidiary has won a transformer framework procurement project from Finland's Caruna Power Authority, with a contract value of approximately RMB 107 million.
On June 22, Samsung Electrical (601567.SH) announced that its wholly-owned overseas subsidiary, Samsung Sweden, successfully won the transformer framework procurement project from Finland's Caruna Power Authority and signed a supply contract, marking progress in the company's expansion into the Nordic market. The announcement disclosed that the contract value is EUR 13.7013 million (approximately RMB 107 million), accounting for 0.75% of the company's audited operating revenue for 2025. According to the contract terms, Samsung Sweden will serve as the core supplier, providing oil-immersed transformers in bulk to Finland's Caruna Power Authority, with products to be used for the construction, upgrade, and maintenance of Finland's local power distribution network.
This tender imposed high requirements on suppliers' product quality, technical processes, delivery capabilities, and overseas service systems. Leveraging its product technology, quality control, and overseas delivery solutions, Samsung Electrical won the bid with a comprehensive ranking advantage, marking its first entry into Finland's power distribution business market. This achievement represents a breakthrough from zero to one in this regional business, filling a gap in the company's business layout in the core Nordic power market.
Samsung Electrical specializes in smart power distribution and consumption equipment and integrated solutions, with products covering a full range of power products including transformers, smart meters, box-type substations, and new energy equipment, spanning the entire industry chain of power generation, grid, consumption, and energy storage. The successful bid will bring revenue and profit growth to the company, help enhance brand recognition in the European power equipment sector, and improve its global business layout. At the same time, the company will continue to accumulate experience in Nordic market project operations and overseas delivery and maintenance, laying the foundation for further expansion into high-end European markets and undertaking international power infrastructure orders.
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