Samsung has announced plans to build a huge $380 million facility in North Carolina, which will expand the business, and create over 1,000 jobs for locals.
With President Trump at the helm, many businesses have restored faith in the US economy, opening new businesses and buildings.
Just a month ago, Haribo (German candy company) announced that they too, will be building a huge plant on US soil, with all the jobs available for locals.
The Daily Mail reports:
The South Korean-based electronics corporation said that the announcement was part of a larger plan to expand its U.S. holdings and operations. The new plant will produce the company’s line of home appliances and will employ a broad range of workers, including craftsman, operators, engineers, technical and non-technical positions.
“We aspire to be the global leader in premium home appliances,” Samsung CEO B.K. Yoon said. “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 said that it had been contemplating an expansion of its U.S. operations for quite some time, out of the public eye. President Donald Trump caught wind of Samsung’s deliberations in February, thanking the company and asserting that the U.S. would “love to have you.”
“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,” South Carolina Republican Gov. Henry McMaster said. “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.”
President Trump has been encouraging more businesses to open here. He has also been encouraging governors and state government to do whatever they can to work out tax deals so that companies would want to open US plants.
Just two days ago, German-automaker BMW announced a $600 million investment into its Spartanburg, S.C. plant. The new investment will add 1,000 jobs.