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South Korea Samsung Electronics and at least one other appliance maker is considering moving some operations from its Mexico plants to its U.S. plants.
The exam is a response to That of President Donald Trump The possibility of imposing 25% tariffs on imports from Canada and Mexico on February 1, a South Korean newspaper reported on Tuesday.
Samsung plans to move production of dryers currently underway at its Querétaro factory to a factory in South Carolina, according to the Korean 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 Samsung Electronics Home Appliances America’s (SEHA) first home appliance manufacturing plant based in the United States.
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People walk past the logo of Samsung Electronics in front of the company’s Seocho building in Seoul, July 7, 2022. (JUNG YEON-JE/AFP via Getty Images / Getty Images)
“Previously, everything came from across the ocean, so if we had parts shortages, delays, material defects, we had to wait forever,” SEHA production manager Bobby Stevens said in a 2023 press release.
“But now we have local equipment, so within hours, even 10 minutes, we can get the parts and materials we need to keep everything going, which has had a big impact on production here,” he said. he declared.
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A Samsung Electronics Co. washer and dryer are displayed for sale at the Airport Home Appliance store in San Jose, Calif., Tuesday, July 30, 2019. (David Paul Morris/Bloomberg/Getty Images)
The Newberry plant generated “nearly $500 million in capital investment for the region” and directly supports “more than 1,500 jobs for local residents through its ongoing operations,” Samsung said in the statement.
LG Electronics plans to move its Mexican refrigerator operations to its washing machine and dryer factory in Tennessee, Korea Economic Daily reports.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| SNLF | SAMSUNG ELECTRONICS CO. | 40.5999 | -5:15 p.m. |
-29.70% |
Samsung Electronics Co. and LG Electronics Inc. washing machines are displayed for sale at the Airport Home Appliance store in San Jose, Calif., 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 around the world. LG Electronics said it plans to respond to market changes by adjusting the production system and production sites.
“If we build a factory in the United States, we will not only be able to avoid tariffs, but we will also have the ‘agility’ to provide products immediately when customers want them,” an anonymous industry source told the media. “If we produce in a U.S. factory, we can cut the lead time for local products by a quarter.”
Reuters contributed to this report.
