Wednesday, March 8, 2017

Make America Great Again -- More Bad News For Mexico -- Samsung To Shift Some Manufacturing From Mexico To US -- WSJ -- March 8, 2017

From The Wall Street Journal. Data points:
  • planning major investment to expand its US production facilities
  • at least five (5) US states in discussion (any bet that Texas is one of them)
  • initial investment, about $300 million
  • Samsung could shift some production of oven ranges to the US from Mexico (500 jobs)
  • first ovens, later, perhaps, reefers, washers, dryers
  • decision influenced by election of Trump
  • nope, not Texas: the five states: Alabama, Georgia, North Carolina, South Carolina, and Ohio
  • one of the country's (US) largest direct foreign investors
  • just before the election, Samsung said it would invest more than $1 billion in its Austin, TX, semiconductor factor to boost production of processor chips for smartphones and other devices
  • meanwhile, Samsung's hometown rival LG Electronics said last week it would build a new home-appliance manufacturing factory in Tennessee, creating at least 600 jobs and investing $250 million

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