Samsung closes Chinese smartphone factory as sales slow. Tianjin facility will close at the end of 2018. – iCrowdNewswire
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Dec 13, 2018 11:10 AM ET

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Samsung closes Chinese smartphone factory as sales slow. Tianjin facility will close at the end of 2018.

iCrowdNewswire - Dec 13, 2018
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Samsung is to close its largest factory in China due to slowing smartphones sales and rising manufacturing costs.

The company has two mobile phone factories in the country – the other is in Huizhou, Guangdong – but has decided to streamline its operations by focusing on a single facility for the local market.

The South China Morning Post says Samsung confirmed the closure of the plant in Tianjin at the end of the year after workers posted the news on social media. As of last month, 2,600 people were employed there.

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Steve McCaskill

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