Samsung to Expand U.S. Operations, Open $380 Million Home Appliance Manufacturing Plant in South Carolina

URLhttp://www.businesswire.com/news/home/201706280058
SourceBusiness Wire
Date Published06/28/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Samsung
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):954
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):380
Country(ies) from which reshored:Korea, Democratic People's Republic of
City reshored to:Newberry County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredhome appliances
What domestic positive factors made reshoring more attractive?Infrastructure (transport, internet, power), Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training
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