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U.S. NEWS Thursday 29 June 2017

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

By SEANNA ADCOX ing facility in Newberry to
Associated Press consolidate production in
COLUMBIA, S.C. (AP) — other states. At the time,
Samsung is investing $380 it was one of Newberry
million in South Carolina County’s largest employers
to manufacture home and taxpayers.
appliances, creating an Samsung’s decision “is one
estimated 950 jobs over that will change the very
the next three years, state fabric of the Newberry
and company officials an- community,” McMaster
nounced Wednesday. said. “Samsung will now
The South Korean-based be an important partner
company is opening a in ushering in an unprece-
“state-of-the-art” facility in dented period of econom-
the former Caterpillar plant ic growth and prosperity in
in Newberry. Production our state.”
is expected to start early The board of Santee Coo-
next year. “Premium home per, South Carolina’s state-
appliances” made at the owned utility, approved
plant will include wash- a $2.75 million grant for
ing machines and will be Samsung on Monday, said
sold primarily in the United spokeswoman Mollie Gore.
States, the company said The plant will be powered
in a news release. by Newberry Electric Co-
The announcement came operative, which gets its
hours after new South Ko- In this photograph provided by Samsung Electronics America, U.S. Secretary of Commerce power from Santee Coo-
rean President Moon Jae- Wilbur Ross (standing left), Senator Lindsey Graham (standing left center), Korean Vice Minister per.
in left for the United States of Trade, Industry & Energy Inho Lee (standing right center), Samsung Electronics America Other incentives offered
for meetings with President President & CEO Tim Baxter (standing right), Samsung Electronics President & CEO of Consumer by South Carolina are not
Donald Trump. Samsung Electronics Boo-Keun Yoon (seated left) and South Carolina Governor Henry McMaster (seated public information until
Electronics CEO B.K. Yoon right) announce plans to open a Samsung manufacturing facility in Newberry, S.C., Wednesday an agreement with Sam-
June 28th, 2017 in Washington, D.C. The plant is slated to bring 954 jobs to the region by 2020.
signed the company’s (Photo: Business Wire) sung is completed and
plans Wednesday morning signed, which can take
in Washington with Gov. the company said. County, about 50 miles (80 people. Caterpillar an- up to a year, according
Henry McMaster. Samsung already operates kilometers) away. nounced in April 2016 it was to the state Commerce
A celebratory event was to a call center employing Rural Newberry County is closing its 325-employee Department.q
be held in Newberry later 800 people in Greenville home to fewer than 40,000 electric generator packag-
Wednesday.
enable Samsung to in- Australia developer buying Maine ski mountain
“This new investment will

crease the speed with
which we can deliver pre- RANGELEY, Maine (AP) — replace an aging double- erybody apprised.” It’s been a long, frustrating
mium home appliances An Australian company is chair lift, and the company Majella Group CEO Sebas- wait for skiers since the Ber-
that reflect the regional buying the family-owned was making no promises tian Monsour and Saddle- ry family announced in July
preferences of our fastest- Saddleback Mountain ski that’ll be completed by this back owners Bill and Irene 2015 that the resort would
growing and most impor- area that has been shut- fall, said Fred LaMontagne, Berry made the announce- not reopen without $3 mil-
tant consumer market,” tered for the last two winter who’s managing the transi- ment Wednesday. lion to replace the aging
Yoon said. seasons, giving the moun- tion. They expect to close later Rangeley Double Chairlift.
Company officials began tain’s loyal skiers something “We recognize the chal- this summer on the deal Ron Jacques, who owns
considering expanding to cheer. lenges that are in front that includes the resort, a ski shop in Jay, said he’s
its U.S. production near- The reopening date is con- of us,” LaMontagne said base lodge, ski lifts and looking forward to getting
ly three years ago and tingent upon how quickly Wednesday. “Our focus is more than 6,000 acres of back on the mountain —
launched talks with South Majella Group can install getting skiers back on the timberland. and seeing Saddleback ski-
Carolina officials last fall, a modern quad-chairlift to mountain. We’ll keep ev- Terms were not disclosed. ers return to his shop.q