I am sure President Trump will be pleased with this news:
LG Electronics’ plans to build a washing machine factory in Tennessee are taking shape as it seeks to sustain growth in the key American market while avoiding punitive protectionist measures from Donald Trump’s administration.
The company signed a memorandum of understanding with the state government on Tuesday in Tennessee, with the goal of clinching a contract by June and beginning construction by the year’s end. LG will spend $250 million on the project.
The facility, to be built on a 300-acre plot of land in Clarksville, will begin making washing machines for sale in the United States by the first half of 2019 at the earliest, LG said. The plant will be able to produce at least a million units of both front- and top-loading machines a year. The site may later expand to production of other home appliances, the company said. [Joong Ang Ilbo]