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Samsung Ready to Invest $500 mln in Mexico

The core purpose is to increase the production of home appliances in the country.

According to Mexican Foreign Minister Marcelo Ebrard, Samsung Electronics would invest $500 million in Mexico to boost domestic appliance manufacturing.

Ebrard stated on Twitter that the investment would be made in Queretaro, a city in central Mexico, and Tijuana, a city on the northern border. He claimed to have spoken with Han Jong-Hee, the organization’s CEO.

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