Samsung keeps strengthening the quality of its manufacturing plants all over the world by making large investments. Its recent investments have largely gone toward building new chip manufacturing facilities. It has now saved up a sizable sum of cash to boost the manufacturing of other goods as well.
One of the numerous nations where Samsung has manufacturing operations in Mexico. The facility in Mexico is primarily used to manufacture home appliances. To enhance output, the corporation will now make a large investment in the nation.
Samsung also produces TVs in Mexico
Samsung will invest $500 million in Mexico, according to the foreign minister of Mexico, Marcelo Ebrard, to increase the manufacturing of household appliances. He further stated that the investment would be done in central Mexico’s Queretaro. Ebrard continued by saying that he has already had a meeting to go through the specifics of this partnership with Samsung Electronics CEO Han Jong Hee.
The company already has a TV assembly facility in Tijuana, Mexico, with an approximate 19 million unit yearly output. The complete North American television strategy of Samsung depends on this factory. Units manufactured in Tijuana are sold throughout the continent, which also happens to be one of Samsung’s largest TV markets.
Therefore, it is not surprising to see that Samsung is eager to invest more money in Mexico in order to enhance productivity and make its products more competitively priced. Samsung is able to successfully serve the whole North American market thanks to its manufacturing presence in Mexico.
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