Samsung Electronics to build household appliance factory in Blythewood, South Carolina

The $300 million factory is likely to be completed by 2019.

South Korean newspaper, Korea Economic Daily has reported citing anonymous sources, Samsung Electronics Co Ltd plans on investing $300 million in the United States to build an appliances factory.

Likely to be located in Blythewood, South Carolina, the plant will manufacture products such as gas oven ranges and washing machines, said the South Korean daily.

A formal agreement for the same is scheduled to be signed later this plan.

The plant is likely to be completed by 2019.

When asked to respond to requests for comment, a spokesman for Samsung declined to comment.

Earlier this year, Samsung Electronics had stated it was in talks to build a home appliances plant in the United States. The comments had come in the wake of U.S. President Donald Trump’s protectionist policies.

In March, LG Electronics had also announced its plan of building a $250 million plant for a new home appliances factory in Tennessee.

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