Factbox-Foreign companies eye US expansion to lessen fallout from tariffs
(Reuters) -Some companies outside the United States said they are considering expanding their presence or opening stores in the United States to reduce the impact of President Donald Trump’s tariffs on imported goods.
Below are some of the plans marked by these companies.
AIR LIQUID
The French industrial gas company announced it would invest up to $200 million in Louisiana in June and more than $50 million in the U.S. semiconductor industry in July.
ASTRAZENECA
The drugmaker plans to spend $50 billion to finance a new factory in Virginia and expansion in Maryland, Massachusetts, California, Indiana and Texas, it said in July.
HONDA
The Japanese automaker plans to move some of its auto production from Mexico and Canada to the United States, aiming to produce 90% of cars sold in the country locally, Nikkei reported in April.
HYUNDAI ENGINE
In a statement made in January, it was stated that the South Korean automaker plans to further localize production in the United States and produce hybrid vehicles at its new factory in Georgia.
INVENTEC
The Taiwanese company, which produces artificial intelligence servers using Nvidia chips, said in a statement in April that it agreed to invest up to $85 million to establish production facilities in Texas.
LAVAZZA
In April, it was stated that the Italian coffee producer would continue its expansion in the United States. Lavazza, which produces approximately half of what it sells locally in the USA, plans to increase this production to 100%.
NISSAN ENGINE
The Japanese automaker is considering moving production of its Sentra car from Mexico to the United States, Automotive News reported in May.
Nikkei reported in April that Nissan was considering shifting some domestically produced vehicles destined for the United States to the United States.
NOVARTIS
It was stated that the Swiss drugmaker plans to spend $23 billion to build and expand 10 facilities in the USA in April.
ROCHE
The Swiss pharmaceutical giant said in April that it would invest $50 billion in the United States over the next five years. In May, it announced an additional investment of $550 million to expand its Indianapolis diagnostic manufacturing center.
ROLL-ROYCE
The London-listed power and propulsion developer is planning a $75 million investment to expand production capacity in US-based South Carolina, it said in July.
SAMSUNG ELECTRONICS
The tech giant is considering moving dryer production from Mexico to its facility in South Carolina, Korea Economic Daily reported in January.
SANOFI
The French drugmaker said in May that it plans to invest at least $20 billion in the United States by 2030 to increase production and research.
STELLANTIES
The automaker behind brands such as Chrysler, Jeep and Peugeot announced on October 14 that it will make a $13 billion investment in the United States; He said this investment will bring five new models to market over the next four years and create 5,000 jobs at factories in the Midwest.
