Korean Tech Supplier to Open Bastrop Factory

Samsung supplier, LS Electric, is taking over an empty 40,000-square-foot industrial building in Bastrop, with plans to convert it into a technical center for its growing business in North America. A Korean news outlet reports the Korean-based company has won a $133 million contract with Samsung, just up Highway 95 in Taylor.

The Austin Business Journal reports the company — which manufactures and distributes electrical power equipment to various industries, including semiconductors and electric vehicles — plans to build out its new building in phases. The first and second phases will be focused on remodeling, renovating, and expanding to eventually include manufacturing space over the next two years, followed by building out the new warehouse and office space.

They plan on hiring 50 people in the first phase. LS Electric will have lots of company. It’s estimated that 150 to 200 suppliers could eventually set up shop in the region.