Factbox: Companies eye US expansion to lessen fallout from potential tariffs

Inventec

29/01/2025 13:47

Jan 29 (Reuters) - Some companies have said they are
looking at expanding their presence or setting up shop in the
United States as they prepare for President Donald Trump's
potential tariffs.
    Below are some of the plans companies have flagged, in
alphabetical order.
    
    COMPAL ELECTRONICS  2324.TW  
    The Taiwanese contract laptop maker may expand into the U.S.
and has spoken to several southern states about a possible
investment, CEO Anthony Peter Bonadero said in January, adding
that Texas was a leading candidate but no decisions had been
made yet.
    
    ESSITY  ESSITYa.ST  
    The Swedish hygiene product and tissue maker could move more
of its production into the U.S. from Mexico and Canada if
tariffs were introduced, CEO Magnus Groth said on Jan. 23.
    
    HYUNDAI MOTOR  005380.KS  
    The South Korean automaker said on Jan. 23 it planned to
further localize production in the U.S. to minimize any tariff
impact. It also said it would make hybrid vehicles at its new
factory in Georgia.
    
    INVENTEC  2356.TW 
    The Taiwanese company, which makes AI servers that use
Nvidia  NVDA.O  chips, has begun evaluating locations for a U.S.
investment, favoring Texas due to its proximity to Mexico and
power infrastructure, President Jack Tsai said in January.
    
    LG ELECTRONICS  066570.KS  
    The South Korean electronics giant is considering moving the
manufacturing of refrigerators from Mexico to its factory in
Tennessee, which makes washing machine and dryers, a South
Korean newspaper reported on Jan. 21.
    
    LVMH  LVMH.PA  
    The luxury conglomerate is "seriously considering" bulking
up its production capacities in the U.S., CEO Bernard Arnault
said on Jan. 28.
    
    SAMSUNG ELECTRONICS  005930.KS 
    The South Korean tech giant is considering moving the
manufacturing of dryers from its Mexico plant to its plant in
South Carolina, Korea Economic Daily reported on Jan. 21.
    
    STELLANTIS  STLAM.MI  
    The Chrysler parent is moving forward with plans to build a
new midsize pickup truck in Belvidere, Illinois, it said on Jan.
29.
    
    VOLKSWAGEN  VOWG_p.DE  
    The German carmaker is considering setting up production
sites in the U.S. for its high-end Audi and Porsche  P911_p.DE 
brands to avert fallout from tariffs, Handelsblatt reported on
Jan. 29. The company did not immediately respond to a Reuters
request for comment.

 (Compiled by Tomasz Kanik in Gdansk; Editing by Milla Nissi)
 ((Tomasz.Kanik@thomsonreuters.com; +48 58 769 66 00))