Samsung will remain in Mexico

By Elliot Bullman

The South Korean company will continue with its plans

According to the Secretariat of Economic Development of Baja California (Sedeco), Samsung will maintain its investment in the region and will create 200 new jobs this year.

Porta samsung

Samsung Mexico plans to remain in Tijuana and has no intention of moving its production plant anywhere else, confirmed the Secretariat of Economic Development of Baja California.

This was in response to information released by the US newspaper the Wall Street Journal in which it mentioned that the South Korean company intends to move part of its manufacturing in Mexico to the United States.

samsung 618550_960_720

This sounded alarm bells in different states of the country where the company operates, among them Baja California, and in particular Tijuana.

A couple of years ago the company announced that it would invest 100 million dollars in Tijuana to continue with its five year project (2019), and in this way create at least one thousand new jobs.

In its Tijuana plant, the company produces Smart TV and LCD screens and last year, Samsung produced 18 million televisions there.

17110481406_20741b4d20_b

RELATED NEWS

  • North Korea threatens to cancel Trump summitNorth Korea threatens to cancel Trump summit
  • AMLO’s win could be a landslide with congressional majority: UBSAMLO’s win could be a landslide with congressional majority: UBS
  • Google and Facebook, big winners after ban on sports betting was overturnedGoogle and Facebook, big winners after ban on sports betting was overturned
  • Would you pay your ex a Would you pay your ex a 'break-up fee'?
  • Why Trump suddenly reversed course on sanctions against Chinese tech giant ZTEWhy Trump suddenly reversed course on sanctions against Chinese tech giant ZTE
  • Are you ready for retirement? Here’s how to know.Are you ready for retirement? Here’s how to know.
  • Tariffs on steel for Mexico and Canada will depend on NAFTA: RossTariffs on steel for Mexico and Canada will depend on NAFTA: Ross
  • Sergei Skripal reportedly briefed European intelligence agencies about RussiaSergei Skripal reportedly briefed European intelligence agencies about Russia
  • The EUThe EU's billion-dollar deals at risk in the Iran nuclear deal
  • Pompeo: U.S. firms could invest in North Korea and Kim may get ‘security assurances’Pompeo: U.S. firms could invest in North Korea and Kim may get ‘security assurances’
  • 'Unauthorized transfers' siphon funds from Mexican banks: central bank
  • RBS is swallowing a RBS is swallowing a 'milestone' $4.9 billion fine for its role in the financial crisis — and shares are going up
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2018