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Title: Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico
Source: [None]
URL Source: https://www.wsj.com/articles/samsun ... cturing-from-mexico-1488985610
Published: Mar 8, 2017
Author: aa
Post Date: 2017-03-08 11:16:07 by HAPPY2BME-4UM
Keywords: None
Views: 341
Comments: 1

Initial capital investment is expected to be around $300 million

SEOUL— Samsung Electronics Co. is planning a major investment to expand its U.S. production facilities, according to people familiar with the matter, with at least five states in discussions.

The initial capital investment is expected to be around $300 million, several of the people said, with Samsung shifting some production of oven ranges to the U.S. from Mexico. The move could generate around 500 jobs, those people said.

https://www.wsj.com/articles/samsung-plans-u-s-expansion-would-shift-manufacturing-from-mexico-1488985610

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The Koreans are smart. They know they can't keep having a free lunch of US military protection from north korea forever and are making gradual changes in their (very lucrative) profit making ventures to benefit the US.

HAPPY2BME-4UM  posted on  2017-03-08   11:18:44 ET  Reply   Untrace   Trace   Private Reply  

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