Samsung and LG Reviewing Possible Location Changes From Mexico to U.S.

 

Both South Korea’s Samsung Electronics, as well as LG Electronics, are reviewing the idea of moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported recently.

The review comes as a result of potential looming tariffs on Mexico and Canada imported products.

The potential move would have Samsung Electronics manufacture dryers at its plant in South Carolina, Korea Economic Daily reported, citing unnamed industry sources.

LG Electronics similarly is considering moving the manufacturing of refrigerators from its plant in Mexico to its factory facility in Tennessee, which makes washing machine and dryers, the newspaper said.

Both companies are monitoring the situation and are prepared to move, or make changes, in response to any developments in the future.