Samsung has decided to cease production at its only TV factory in China by the end of November, a spokesman said on Monday, the latest in a series of moves by the South Korean firm to shift production from the world’s second-largest economy.
The TV factory in Tianjin is the onlyproduction base in China, the spokesman said. The decision is part of ‘ongoing efforts to enhance efficiency’ in its production facilities,said in a statement earlier.
The factory has about 300 workers, Yonhap news agency reported on Monday. Samsung declined to comment on the number of workers, but said some of the workers and equipment are expected to be retained.
The latest exit leaves Samsung in China with a home appliance factory in Suzhou andproduction facilities in Suzhou and Xian.
The decision follows Samsung’s display unit confirming separately last week that it is selling off a majority stake in its Suzhou liquid crystal display () production unit toStar Optoelectronics Technology unit.
said in March itall of its production of LCD panels in South Korea and China by the end of this year.
In August, Samsung said it will halt operations of its last computer factory in China.
© Thomson Reuters 2020
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