Coopers & Lybrand Consulting Signs Memorandum of Understanding with Samsung Motors

Strategic Insights -

Coopers & Lybrand Consulting, a leading professional services firm, has signed a significant memorandum of understanding with Samsung Motors, a unit of the Samsung Business Group of South Korea. The agreement aims to help Samsung enter the auto manufacturing industry by 1998, with projected revenues exceeding $50 million over several years. This partnership represents a major milestone for Coopers & Lybrand Consulting's global automotive practice and showcases its expertise in advanced automotive processes and IT strategy.

Key Takeaways:

  • Coopers & Lybrand Consulting has signed a memorandum of understanding with Samsung Motors to help the company enter the auto manufacturing industry by 1998.
  • The total project is expected to generate revenues exceeding $50 million over several years.
  • Samsung Motors is committed to becoming one of the 10 largest global manufacturers in the auto industry by 2010.
  • Coopers & Lybrand Consulting was chosen over more than 10 major competitors for the Samsung project.
  • The partnership involves creating system-wide, high-technology manufacturing and sales operations to achieve breakthrough approaches in car manufacturing, distribution, and sales.
  • Samsung Motors will invest $5.4 billion in its total operations, including the construction of a manufacturing facility in Pusan, South Korea.
  • The facility will produce up to 65,000 vehicles annually starting in 1998, and 500,000 units by 2002.

Statistics:

  • Expected revenues from the total project: exceeding $50 million.
  • Investment by Samsung Motors in its total operations: $5.4 billion.
  • Projected production capacity of the manufacturing facility in Pusan, South Korea: up to 65,000 vehicles annually starting in 1998, and 500,000 units by 2002.
  • Number of countries where Coopers & Lybrand International operates: 125.
  • Number of professionals and staff employed by the firm worldwide: more than 82,000.
  • Number of professional services firms in the Coopers & Lybrand International network: more than 100.

Sources:

  • "Coopers & Lybrand Consulting Signs Memorandum of Understanding with Samsung Motors" by BUSINESS WIRE (Aug. 24, 1995)
  • Coopers & Lybrand L.L.P.