Samsung to invest US$380 million in SC plant

Earlier this year Samsung and LG were slapped with heavier duties on charges of dumping the prices of washing machines that were manufactured in China. "With this investment, Samsung is reaffirming its commitment to expanding its US operations and deepening our connection to the American consumers, engineers and innovators who are driving global trends in consumer electronics". The company plans to employ workers in a broad range of advanced manufacturing jobs when operations begin next year.

The facility, which will manufacture premium home appliances for the USA market, will eventually employ 954 workers.

At the event held in Washington DC, Moon said that the Korea-US alliance has grown from one focused on security to include economic issues, and has become stronger in the process.

"For almost forty years, Samsung has steadily expanded our operations in the United States - creating thousands of jobs and investing billions of dollars in cutting edge manufacturing facilities, research and development", claimed Samsung Electronics America President Tim Baxter.

"Samsung's investment is great news for SC and the United States, and it is a direct reflection of the fact that America is becoming an even stronger destination for global businesses looking to grow", US Commerce Secretary Wilbur Ross said in a statement.

In March Patently Apple reported that three Southern U.S. States were battling it out for Samsung's new $300 million dollar appliance plant.

Newberry South Carolina
Samsung will open a state-of-the-art home appliance manufacturing plant in Newberry County SC

Once the facility begins full operations, it will create an estimated 950 new jobs, according to the company.

Asia's biggest company by market capitalization said in a statement that the new plant in Newberry County, South Carolina, is expected to generate 954 local jobs by 2020. The commerce department of the southern USA state said it approved job development credits for the project by the South Korean technology giant. Newberry is located about 241km northwest from Charleston Port in SC.

The world's leading manufacturer of smartphones, was chosen as the site of Newberry County, South Carolina, to set up a factory with the latest technology that will manufacture of electrical household appliances (refrigerators, dishwashers...), says a press release.

"Innovation is part of our DNA at Samsung and few markets have been more crucial to our company's growth strategy than the US", said Byungsam Suh, executive vice president and head Samsung Electronics' digital appliance business.

Established in 1969 and employing almost half a million people worldwide, Samsung manufactures TVs, smartphones, wearable devices, cameras, digital appliances, network systems and more.


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