Samsung investing $380M in South Carolina, creating 950 jobs

[Anonymous 6]

http://www.breitbart.com/news/samsung-investing-380m-in-south-carolina-creating-950-jobs/

Samsung is investing $380 million in South Carolina to manufacture home appliances, creating an estimated 950 jobs over the next three years, state and company officials announced Wednesday.

The South Korean-based company is opening a “state-of-the-art” facility in the former Caterpillar plant in Newberry. Production is expected to start early next year. “Premium home appliances” made at the plant will include washing machines and will be sold primarily in the United States, the company said in a news release.

The announcement came hours after new South Korean President Moon Jae-in left for the United States for meetings with President Donald Trump. Samsung Electronics CEO B.K. Yoon signed the company’s plans Wednesday morning in Washington with Gov. Henry McMaster.

A celebratory event was to be held in Newberry later Wednesday.

“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,” Yoon said.

Company officials began considering expanding its U.S. production nearly three years ago and launched talks with South Carolina officials last fall, the company said.

Samsung already operates a call center employing 800 people in Greenville County, about 50 miles (80 kilometers) away.

Rural Newberry County is home to fewer than 40,000 people. Caterpillar announced in April 2016 it was closing its 325-employee electric generator packaging facility in Newberry to consolidate production in other states. At the time, it was one of Newberry County’s largest employers and taxpayers.

Samsung’s decision “is one that will change the very fabric of the Newberry community,” McMaster said. “Samsung will now be an important partner in ushering in an unprecedented period of economic growth and prosperity in our state.”

The board of Santee Cooper, South Carolina’s state-owned utility, approved a $2.75 million grant for Samsung on Monday, said spokeswoman Mollie Gore. The plant will be powered by Newberry Electric Cooperative, which gets its power from Santee Cooper.

So to all the South Carolina brothers, if you need a job, here’s something to look at.

[Anonymous 7]

but, but, but, but there is no magic wand to create manufacturing jobs here at home. Obama said so. /s

[IRuleMeParticipant]

Anonymous wrote:

but, but, but, but there is no magic wand to create manufacturing jobs here at home. Obama said so. /s

My dad is like me. He’s always voted independent, even if he’s leaned a little towards the Democrat side. But he’s always told me that he’s made more money under Republican leadership than Democrat leadership. So I’m not surprised Trump is getting businesses to come back. Obama gave a bunch of them bailouts and they high tailed it or closed up shop.

[joetechParticipant]

It’s good to see South Carolina attracting new industry finally. For decades they held onto textiles while those jobs were shipped overseas. It was like watching the steel plants in Buffalo close one after the other. South Carolina used to be terrified of good paying manufacturing jobs. That all changed when BMW moved to Spartanburg.

"Don't follow in my footsteps...I stepped in something."

[HitmanParticipant]

Great news!
Glad to hear that the company has decided to make all those jobs available in the USA.

[AttonParticipant]

Anonymous wrote:

but, but, but, but there is no magic wand to create manufacturing jobs here at home. Obama said so. /s

Selective tariffs and incentives.

A MGTOW is a man who is not a woman's bitch!

[Author]

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