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from South Korea Samsung Electronics and at least one other appliance maker are considering moving some operations from their plants in Mexico to their U.S. factories.
The review is in response to That of President Donald Trump considering imposing 25% duties on imports from Canada and Mexico on February 1, a South Korean newspaper reported on Tuesday.
Samsung is looking to move dryer production currently done at its Querétaro plant to a plant in South Carolina, according to the Korea Economic Daily. The document reports that the main product of the South Carolina plant is washing machines.
The US facility in Newberry County, South Carolina was established in 2017, Samsung’s website says so. It was Samsung Electronics Home Appliances America’s (SEHA) first U.S.-based home appliance manufacturing facility.
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People walk past the Samsung Electronics logo outside the company’s Seocho building in Seoul on July 7, 2022. (JUNG YEON-JE/AFP via Getty Images/Getty Images)
“Previously everything came from across the ocean, so if we had a parts shortage, a delay, a material defect, we would have to wait forever,” SEHA production manager Bobby Stevens said in a statement of 2023.
“But now, we have local material, so within a few hours or even 10 minutes, we can get parts and the materials we need to keep everything going, so that’s had a big impact on production here.” , he said.
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This item is for sale on Tuesday, July 30, 2019 at Samsung Electronics Co. washer and dryer. at the airport appliance store in San Jose, California. (David Paul Morris/Bloomberg/Getty Images)
The Newberry facility has generated “almost $500 million in capital investment for 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 refrigeration operations to its washer and dryer plant in Tennessee, Korea Economic Daily reports.
| Ticker | security | last | to change | % change |
|---|---|---|---|---|
| SSNLF | SAMSUNG ELECTRONICS CO LTD. | 40.5999 | -17.15 |
-29.70% |
Washing machines Samsung Electronics Co. and LG Electronics Inc. are on display for sale at the San Jose, California airport appliance store on 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 bases in many regions of the world. LG Electronics said it plans to respond to market changes by adjusting the production system and production sites.
“If we build a plant in the United States, not only will we be able to avoid tariffs, but we will also have the ‘agility’ to supply products immediately when customers want them,” an unnamed industry source told the outlet. “If we produce in a plant in the United States, we can reduce the supply period of local products by a quarter.”
Reuters contributed to this report.
