(Adds comment from Samsung Mexico executive, paragraph 4)
March 8 Samsung Electronics Co Ltd
is planning to expand its U.S. production facilities, shifting
some manufacturing from Mexico, the Wall Street Journal reported
on Wednesday, citing people familiar with the matter.
The company is in early talks to open a new home
appliance-making facility in the United States, a Samsung
spokesperson said in a statement on Wednesday, adding that
Samsung began reviewing manufacturing operations "early last
fall." Samsung declined to comment on whether it would move
manufacturing from Mexico.
Samsung's initial capital investment is expected to be about
$300 million, the Journal reported, citing people familiar with
An executive at Samsung in Mexico, who asked not to be
named, said: "Whatever happens in the future is really a
decision made by our headquarters, it's not an internal decision
Reuters reported early in February that Samsung may build a
U.S. plant for its home appliances business.
The South Korean company's move comes amid criticism from
U.S. President Donald Trump about companies manufacturing abroad
for U.S. consumers.
The Trump administration has threatened an import tax, while
Trump has attacked some of the world's biggest companies,
prompting some to make promises to invest more in the United
Samsung's move follows a similar investment from rival LG
Electronics Inc, which said last month it would
spend $250 million to build a home appliance factory in the
At least five U.S. states are in talks with Samsung, and the
move could generate around 500 jobs, the Journal reported. on.wsj.com/2lYsAkk
(Reporting by Anya George Tharakan in Bengaluru; Additional
reporting by Diane Bartz in Washington and Anthony Esposito in
Mexico City; Editing by Sai Sachin Ravikumar and Peter Cooney)