Samsung Investing $380M in South Carolina, Creating Nearly 1000 Jobs

COLUMBIA, S.C. (AP) — Samsung is investing $380 million in South Carolina to manufacture home appliances, creating an estimated 950 jobs over the next three years, state and company officials announced Wednesday.

The South Korean-based company is opening a “state-of-the-art” facility in the former Caterpillar plant in Newberry. Production is expected to start early next year. “Premium home appliances” made at the plant will include washing machines and will be sold primarily in the United States, the company said in a news release.

The announcement came hours after new South Korean President Moon Jae-in left for the United States for meetings with President Donald Trump. Samsung Electronics CEO B.K. Yoon signed the company’s plans Wednesday morning in Washington with Gov. Henry McMaster.

A celebratory event was to be held in Newberry later Wednesday.

“This new investment will enable Samsung to increase the speed with which we can deliver premium home appliances that reflect the regional preferences of our fastest-growing and most important consumer market,” Yoon said. full story

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About Rhett October 867 Articles
Rhett October is a man independent of the nanny state. He sees what is obvious but to many others is a successful deception. He has a crush on Tomi Lahren. Follow him on Twitter @RhettOctober "After this, there is no turning back. You take the blue pill—the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill—you stay in Wonderland, and I show you how deep the rabbit hole goes. Remember: all I'm offering is the truth. Nothing more." -Morpheus