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Samsung to Open $380 Million Home Appliance Manufacturing Plant in South Carolina
In this photograph provided by Samsung Electronics America, U.S. Secretary of Commerce Wilbur Ross (standing left), Senator Lindsey Graham (standing left center), Korean Vice Minister of Trade, Industry & Energy Inho Lee (standing right center), Samsung Electronics America President & CEO Tim Baxter (standing right), Samsung Electronics President & CEO of Consumer Electronics Boo-Keun Yoon (seated left) and South Carolina Governor Henry McMaster (seated right) announce plans to open a Samsung manufacturing facility in Newberry, S.C., Wednesday June 28th, 2017 in Washington, D.C. The plant is slated to bring 954 jobs to the region by 2020. (Photo: Business Wire)
RIDGEFIELD PARK, N.J.–Samsung has agreed with the State of South Carolina to open a state-of-the-art home appliance manufacturing plant in Newberry County. The $380 million facility will produce some of Samsung's most popular home appliances and is projected to generate 954 local jobs by 2020. This is the latest in a series of investments expanding Samsung's U.S. holdings and operations.
"We aspire to be the global leader in premium home appliances," said Samsung Electronics CEO B.K. Yoon, in a press release. "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."
Samsung (www.samsung.com/us) began contemplating an expansion of its U.S. production base nearly three years ago, and initiated discussions with South Carolina in the fall of 2016. The company selected the Newberry County site for its skilled workforce, robust supply chain and transportation infrastructure, and commitment to public-private partnerships.
"The fact that one of the world's largest and most respected technology companies is choosing to invest in South Carolina speaks volumes about the innovation and excellence our talented workforce is capable of,” said South Carolina Governor Henry McMaster. "I'm thrilled to strengthen our state's partnership with Samsung and look forward to working with them to get this new facility up and running, and producing high quality made-in-South Carolina products."
"Samsung's investment is great news for South Carolina 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," said United States Commerce Secretary Wilbur Ross. "I congratulate Samsung on its expansion in the United States and wish the company success as it starts up its new facility in South Carolina."
When fully operational, the plant will employ workers across a broad range of advanced manufacturing roles, including craftsmen, operators, engineers, and other technical and non-technical positions.
The facility will produce premium home appliances, including washing machines from early next year. Samsung already operates a call center in Greenville, South Carolina, that supports 800 full-time and contracted jobs.
"For nearly 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," said Samsung Electronics America President and CEO Tim Baxter, in the release. "With this investment, Samsung is reaffirming its commitment to expanding its U.S. operations and deepening our connection to the American consumers, engineers and innovators who are driving global trends in consumer electronics."
The announcement comes on the heels of a series of recent investments–totaling over $10 billion–that Samsung has made in the United States. Over the past 18 months, the company has acquired Connecticut-based Harman International for $8 billion, positioning Samsung to be a leader in the connected car market; committed $1.2 billion to U.S.-based Internet of Things R&D and investments over the next four years; and committed $1 billion to expanding the Samsung Austin Semiconductor facility, one of the largest foreign direct investments in the U.S. and the largest ever in Texas.
"Innovation is part of our DNA at Samsung, and few markets have been more crucial to our company's growth strategy than the U.S.," said Byungsam Suh, executive vice president and head of Samsung Electronics' digital appliance business. "We are excited to put even more U.S. engineering power behind our products and look forward to a mutually beneficial partnership with the people of South Carolina."
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