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South Korean Samsung Electronics And at least one other appliance maker is considering moving some operations from its plants in Mexico to its U.S. factories.
is in response to the review of President Donald Trump A South Korean newspaper reported Tuesday that a 25% tariff on imports from Canada and Mexico is being considered starting Feb. 1.
Samsung is considering moving dryer production currently taking place at its Querétaro plant to a plant in South Carolina, according to Korea Economic Daily. The newspaper reports that the South Carolina plant’s main product is washing machines.
The US facility in Newberry County, South Carolina was established in 2017, Samsung’s website states. It was the first US-based home appliance manufacturing facility of Samsung Electronics Home Appliances America (SEHA).
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People walk with the Samsung Electronics logo outside the company’s Seocho building in Seoul on July 7, 2022. (Jang Yeon-jae/AFP via Getty Images/Getty Images)
“Previously everything was coming from across the ocean, so if we had a part shortage, any delay, any material defect, we had to wait forever,” SEHA production manager Bobby Stevens said in a statement. ”
“But now, we have local content, so in just a few hours or even 10 minutes, we can get the parts and materials we need to keep everything running, so it’s made a big difference on production here.” Have made an impact,” he said.
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Samsung Electronics Co.’s washing machines and dryers are displayed for sale at an Airport Home Appliance store in San Jose, California, Tuesday, July 30, 2019. (David Paul Morris/Bloomberg/Getty Images)
The Newberry facility has generated “almost $500 million capital investment “to the region” and “directly supports more than 1,500 jobs for local residents as part of its ongoing operations,” Samsung said in the statement.
LG Electronics is considering moving Mexican refrigerator operations to its washing machine and dryer plant in Tennessee, Korea Economic Daily reports.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| ssnlf | Samsung Electronics Co., Ltd. | 40.5999 | -17.15 |
-29.70% |
Washing machines from Samsung Electronics Co. and LG Electronics Inc. are on display for sale at an Airport Home Appliance store in San Jose, California, Tuesday, July 30, 2019. (David Paul Morris/Bloomberg via Getty Images/Getty Images)
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Samsung said it plans to monitor the situation and respond flexibly, as it operates production centers in several regions of the world. LG Electronics said it plans to respond to market changes by adjusting production systems and production sites.
An unnamed industry source told the media outlet, “If we build a plant in the United States, we will not only avoid tariffs, but also have the ‘agility’ to supply products immediately when customers want them.” “If we produce in a US plant, we can reduce the local product supply period by a quarter.”
Reuters contributed to this report.
