Samsung is going to close one of its factories in China due to strong competition and slowing growth

Galaxy S9+

Revealed reports from South Korea that Samsung has shut one of its factories for smartphones in China. Will the South Korean company to pull out of the existing plant in Tianjin by the end of this year because of the difficulties and slowing growth.

He told news agency Reuters that the market share of Samsung in the smartphone market of China decreased from 20 percent five years ago to less than 1 percent today, making domestic companies such as Huawei and Xiaomi overtake it by a large margin. As you learn the South Korean police under pressure because of its failure to achieve growth at the level of quarterly profits at a time when rival companies unveiled smart phones ” cheaper and rich in features “.

Samsung factory in Tianjin is one of the two factories, which are owned by the company in China the other in Huizhou. You think Samsung is currently mostly on their interests in Vietnam and India. For more than a month, Samsung increased the own manufacturing facilities in India to be able to produce 120 million units per year by 2021.

For comparison, the factory in the city of Tianjin, about 36 million units, while are manufactured 72 million units in the factory in Huizhou, while overseeing the company’s interests located in Vietnam to produce up to 240 million units.

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