Samsung to invest $500m in Mexico
South Korea giant to increase production of home appliances in country
Image Credit: Bloomberg
Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican Foreign Minister Marcelo Ebrard said on Monday.
On Twitter, Ebrard said the investment will be in the northern border city of Tijuana and Queretaro in central Mexico.
He said he had met with the company’s Chief Executive, Han Jong-Hee.