Samick

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Samick
Industry Musical instruments
Founded 1958
Founder(s) Lee Hyo-Ik
Headquarters Eumseong County, South Korea
Area served Worldwide
Products Pianos, string instruments, and wind instruments
Website samick.co.kr/eng/

Samick Musical Instrument Co., Ltd. (KRX: 002450, also known as Samick), founded 1958, is one of the world's largest musical instrument manufacturers and an owner of shares in several musical instrument manufacturing companies.

Samick owns several manufacturers of pianos (for example Wm. Knabe & Co., Pramberger, Kohler & Campbell and Seiler), guitars (for example Greg Bennett Guitars and Silvertone) and other instruments.

Operations[edit]

In 1992, Samick built its P.T. Samick factory in Cileungsi, near Bogor, Indonesia. This factory produces the majority of instruments that Samick makes.

North American operations are performed from its newly constructed (completed July 2007) North American Corporate Headquarters, located in Gallatin, TN. This 214,000 sq ft (19,900 m2) facility is responsible for all administrative activities for the North American market, as well as acting a distribution center for both its guitars and acoustic/digital pianos. The facility recently began the manufacture of a small number of acoustic pianos, which will be sold under the Knabe brand.

Guitar manufacturing and OEM supply[edit]

A Greg Bennett Avion AV1
A Greg Bennett Avion AV1 with a Roland Cube 15x amp

Samick guitars are manufactured under different brand names and made by a number of different makers, including Greg Bennett and J.T. Riboloff (a former luthier at Gibson).[1] Some other Samick-built guitars are sold under Epiphone, Squier, Washburn, Hohner, and other brands.

Greg Bennett Guitars[edit]

American luthier Greg Bennett designs a line of guitars for Samick. The guitars have pickups by Seymour Duncan, machine heads from Grover, and bridges by Wilkinson. Woods used include ovangkohl and ebony from Africa, rosewood from India. and rock maple from North America. Instruments under the Greg Bennett label are electric, acoustic and archtop guitars, electric and acoustic basses, mandolins, banjos, ukuleles and autoharps. [2]

Piano manufacturing and brand management[edit]

Samick also has a wide range of pianos. Its acoustic piano brands include Samick, Pramberger, Wm. Knabe & Co., Kohler & Campbell, and Gebrüder Schulze; and it has digital piano brands of Kohler, Samick Digital, and Symphonia. Samick recently announced the discontinuation of the Sohmer & Co. brand.

In 2004, Samick gained controlling interest in competitor Young Chang, but an anti-trust rulings in the U.S. and Korea ended the merger a year later.[3] From 2003 to 2009 Samick was associated with German C. Bechstein Pianofortefabrik who is listed on the Frankfurt Stock Exchange. Major shareholders are Karl Schulze and Samick (19.5%) of South Korea.[4]

In addition, Bechstein and Samick have a joint venture factory in Shanghai, China. In October 2008, Samick announced its purchase of Seiler, another German piano company, that is generally agreed to compete with Bechstein at both price point and overall quality. The announcement raises questions about continued viability of relationship between Samick and Bechstein[1].

In late 2009, Samick acquired a 16.5% share of Steinway Musical Instruments. By November 2010, Samick's share in Steinway Musical Instruments increased to 32%.[5]

References[edit]

  1. ^ "JT Riboloff". Vintage Guitar. Retrieved 2 February 2012. 
  2. ^ "About Greg Bennett". Greg Bennett Guitars. Samick. Retrieved 12 November 2011. 
  3. ^ Fine, Larry. (editor.) Acoustic and Digital Piano Buyer. Fall 2010. p. 193.
  4. ^ "Geschäftsbericht 2006" (in Germany). C. Bechstein Pianofortefabrik AG (berlin). Archived from the original on 2007-11-10. 
  5. ^ Snowdown, Ross. "Snooker baize firm pockets £1m orders in China." Yorkshire Post, 15 November 2010.

External links[edit]