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Slideshow Depardieu gets Russian citizenship Putin has granted citizenship to Gerard Depardieu, the French movie star who is quitting his homeland to avoid a tax hike on the rich. Slideshow Samsung on track to become top home appliances maker Tweet Share this Email Print Related News Galaxy phones power Samsung to record $8.3 billion profit 1:21am EST Sony mulls battery unit sale in push toward core electronics 1:14am EST Samsung sees fourth quarter profit at $8.3 billion on Note sales, components Mon, Jan 7 2013 Intel bets big on thin PCs and phones at Las Vegas show Mon, Jan 7 2013 Verizon CEO touts wireless beyond the phone Mon, Jan 7 2013 Analysis & Opinion Stop the CES madness South Koreaâ€™s next leader will face a currency war Related Topics Tech » South Korea » Consumer Electronics Show » The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. Credit: Reuters/Rick Wilking LAS VEGAS | Tue Jan 8, 2013 12:26am EST LAS VEGAS (Reuters) - South Korea's Samsung Electronics Co said it is on course to achieve its goal of becoming the world's top home appliances maker by 2015, with sales growing an estimated 50 percent by then. Samsung Electronics, which makes more chips, flat-screens, handsets and TVs than any of its competitors - including the world's best-selling smartphone - is aiming to boost its home appliance segment and narrow the gap with companies including Whirlpool Corp and Electrolux AB. "I'm confident of Samsung becoming the world's top appliances maker by 2015 with $18 billion sales, as we set up a very well structured framework for key products and moving step by step to the goal, first starting with fridges," Yoon Boo-keun, president of the division, told Reuters in an interview at the Consumer Electronics Show in Las Vegas on Monday. Analysts estimate Samsung Electronics earned around 13 trillion won ($12 billion) last year from home appliances, part of the firm's consumer electronics arm. Samsung Electronics would ditch unprofitable product lines and boost research into consumer tastes across different markets, Yoon said. "It's a business that can ensure steady cash flow with little earnings fluctuation, once you have a proper system in place," Yoon said. "It's not dull at all and has great potential to become Samsung's next earnings driver." MR TV AIMS FOR GROWTH Yoon, who was head of Samsung's TV business until 2011, was put in charge of the thin-margin home appliance division a year ago with a mission to match the TV outfit's success. Known as Mr. TV, he had a pivotal role in ending Japan's more than three decades of leadership in the global TV industry in 2006. "We see lots of opportunities in the appliances segment but we didn't strongly grow the business - simply, it didn't get proper treatment," Yoon said after unveiling a new four-door Internet-connected fridge at the electronics show. His remarks come only hours after Samsung Electronics said it likely earned a record quarterly operating profit of $8.3 billion, aided by roaring sales of smartphones. Samsung's CE division is estimated to have earned around 13 trillion won ($12.22 billion) of revenue in the fourth quarter, or roughly a quarter of its total revenue. TV sales generally account for around 70 percent of CE performance, and the rest comes from selling appliances such as fridges, ovens and laundry, according to analysts. Samsung does not provide breakdowns. It's been a low-margin business compared with smartphones, which generate around 25 percent of margin, and the division's operating profit contribution is estimated at around 4 percent. Yoon also said Samsung, the world's top maker of TVs, was aiming to sell 55 million flat-screen TVs this year, up from 51 million last year, even as the industry is set to remain stagnant due to the weak global economy. Betting large TVs with over 65-inch screen sizes will lead the growth, Samsung Electronics unveiled three models of ultra high-definition (HD) TVs that boast four times better picture quality than full HD models. ACQUISITIONS IN MEDICAL SECTOR Yoon also heads Samsung's corporate design centre and oversees the medical equipment business, which was added to the consumer electronics division this year. Samsung Electronics acquired a controlling stake in Korean ultrasound equipment firm Medison in 2010 and its affiliate later for around $300 million in total, its biggest ever acquisition in the healthcare industry. Yoon expected sales from its medical devices would reach $500 million this year, up from $300 million last year, and will grow with the acquisition of companies that make MRI scanners and computed tomography machines. Samsung Electronics has said it plans to spend 1.2 trillion won in the medical equipment business by 2020 to make it a $10 billion operation by then. In the long run, Samsung Electronics aims to become a global healthcare leader, taking on GE, Philips, Hitachi, Toshiba and Siemens. ($1 = 1064.0000 Korean won) (Reporting by Miyoung Kim; Editing by Stephen Coates and Ryan Woo) Tech South Korea Consumer Electronics Show Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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