The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Samsung closed Tijuana plant for profit reasons

Publication: Business News Americas - English News

Provider: Business News Americas

Newspaper: Samsung closed Tijuana plant for profit reasons

Mexico, Friday, November 11, 2005 .- Korean electronics manufacturer Samsung closed its cell phone plant in Tijuana, Mexico, in September because it was not profitable, local newspaper Reforma reported a Samsung executive as allegedly saying. When consulted by Reforma, the Mexican unit of Samsung declined to confirm that the plant had been closed for profit reasons.

"The closure of the plant was a corporate not a regional decision and had to do with the fact that investments are going to be directed into the audio and video divisions," Samsung Mexico told Reforma.

Production was 100,000 units a year. A Samsung plant in Brazil will now supply the Mexican and Central and South American cell phone markets, Reforma reported.

Samsung has been in Mexico since 1995 and has four production lines: TV; audio and video; white products; and communications systems. Besides the Tijuana plant, there are plants in Mexico City and Querétaro.

In August, Japanese CDMA handset manufacturer Kyocera Wireless (NYSE: KYO) also closed a manufacturing plant in Tijuana and outsourced production for the Americas market to Flextronics (NYSE: FLEX).

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree