Samsung Electro-Mechanics to establish plant in Mexico to strengthen electric vehicle electronics business = South Korean report

Electronic parts manufacturer Samsung Electro-Mechanics plans to establish a factory in Mexico in 2024 with capital of 4,936,340,000 won (approximately 564.8 million yen). Detailed plans are currently being finalized.
. The newly established Mexico factory is expected to manufacture camera modules for electrical equipment to be provided to electric vehicle (EV) manufacturers in North America. Mexico is home to major companies such as Tesla and Ford.
It has excellent proximity to the United States, where there are complete car manufacturers. Along with the construction of the new factory, new employees will also be hired. Infrastructure that performs manufacturing technology and infrastructure construction work that is responsible for analyzing defective rates and improving productivity.
The company plans to promote recruitment in fields such as management, safety and environment management, production management, IT infrastructure management, logistics management, and financial management.
Currently, Samsung Electro-Mechanics' factories are located in Suwon City, Busan City, and South Korea.
In addition to three Korean cities such as Sejong City, there are four locations in China, Vietnam, and the Philippines. Camera modules are currently being produced in China and Vietnam.
With the establishment of the Mexico factory, the company plans to accelerate its electrical equipment business. Prior to this, Samsung Electro-Mechanics' Jang Deok-hee
At the general meeting of shareholders held in March this year, President Yong said, ``I would like you to think of our company as an automobile parts manufacturer,'' and ``we are developing products such as multilayer ceramic capacitors (MLCCs), camera modules, and semiconductor substrates.
"We will diversify our business structure by concentrating our technological capabilities on growth fields such as EV electrical equipment as our main business."