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Sing Tao: Samsung Closed Its Tianjin Factory

Primary Hong Kong news media Sing Tao News Group recently reported that global mobile phone leader Samsung closed its Tianjin factory on the last day of 2018 and sent all of its 2000 employees home. This factory used to manufacture cellphones, camcorders, video recorders and DVD equipment, exporting to over 20 countries in Asia, Europe, and Africa. This is another major Samsung closure after the company shut down its Shenzhen factory last April. Now Samsung has only one handset manufacturing factory left in Huizhou, Guangdong Province, China. Local taxi drivers told the reporter that the close-down will definitely have a negative impact on the local economy and their business. In recent years Samsung has been moving from China to Southeast Asia and India. The Huizhou factory can still produce 72 million handsets. However, the two Samsung factories in Vietnam now make 240 million handsets. Last November, Samsung opened the world’s largest smartphone factory in New Delhi, which is expected to be Samsung’s biggest export center.

Source: Sing Tao News, December 31, 2018