financetom
Business
financetom
/
Business
/
Factbox-Companies eye US expansion to lessen fallout from potential tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-Companies eye US expansion to lessen fallout from potential tariffs
Mar 10, 2025 7:57 AM

(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 tariffs.

Below are some of the plans companies have flagged, in alphabetical order.

CAMPARI

The Italian spirits group is assessing the opportunities to expand its production in the U.S. without losing the essence of its brand portfolio, its new CEO Simon Hunt said on March 5.

COMPAL ELECTRONICS ( CMPFF )

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

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.

HONDA ( HMC )

Honda ( HMC ) has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, three people familiar with the matter told Reuters in March.

HYUNDAI MOTOR ( HYMTF )

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

The Taiwanese company, which makes AI servers that use Nvidia 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

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

The luxury conglomerate is "seriously considering" bulking up its production capacities in the U.S., CEO Bernard Arnault said on Jan. 28.

SAMSUNG ELECTRONICS ( SSNLF )

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 ( STLA )

The Chrysler parent is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois, it said on Jan. 29.

VOLKSWAGEN

The German carmaker is considering setting up production sites in the U.S. for its high-end Audi and Porsche brands to avert fallout from tariffs, Handelsblatt reported on Jan. 29. The company did not immediately respond to a Reuters request for comment.

VOLVO CARS

Volvo Cars may move some production to the U.S. depending on tariffs imposed by President Donald Trump, the company's CEO said on March 5.

(Compiled by Tomasz Kanik in Gdansk; Editing by Milla Nissi)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Reckitt beats like-for-like sales estimates, driven by Dettol, Lysol
Reckitt beats like-for-like sales estimates, driven by Dettol, Lysol
Apr 24, 2024
LONDON, April 24 (Reuters) - Consumer goods group Reckitt's like-for-like sales growth beat estimates in the first quarter as more people bought its Lysol, Dettol and Finish cleaning products even as prices rose, it said in a trading update on Wednesday. The company also said it faces contingent liabilities - a term used for those dependent on future events -...
LSEG shareholders to vote on doubling CEO's potential pay
LSEG shareholders to vote on doubling CEO's potential pay
Apr 24, 2024
LONDON, April 24 (Reuters) - London Stock Exchange Group ( LDNXF ) shareholders will vote on Thursday on whether to potentially double the pay of CEO David Schwimmer, after the 300-year old bourse campaigned to raise executive rewards to strengthen UK capital markets. LSEG's annual general meeting will vote on proposals to allow Schwimmer's total yearly remuneration to rise to...
Vertex Prices $300 Million Convertible Notes Offering
Vertex Prices $300 Million Convertible Notes Offering
Apr 24, 2024
03:50 AM EDT, 04/24/2024 (MT Newswires) -- Vertex (VERX) said late Tuesday it priced a private placement to eligible purchasers of $300 million of 0.75% convertible senior notes due 2029. The initial purchasers have been granted a 13-day option to purchase up to $45 million of additional notes, which will be convertible at an initial rate of $36.32 per share....
Japan's Asahi Kasei to build EV battery component plant in Canada
Japan's Asahi Kasei to build EV battery component plant in Canada
Apr 24, 2024
TOKYO, April 24 (Reuters) - Japan's Asahi Kasei ( AHKSF ) said on Wednesday it planned to invest C$2.09 billion ($1.53 billion) to build a factory in Canada to produce battery components for electric vehicles. The company plans to transfer funds to subsidiaries in Canada to buy land and construct a plant to make lithium-ion battery separators, it said in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved