$6.4M robbed from Samsung Factory in Brazil

A Samsung Electronics (SSNLF) factory in Brazil was robbed yesterday, after 20 thieves stole $6.4M of cellphones, tablets and other products. The company is hoping that insurance will minimize the cost incurred from the stolen inventory.

The heist is also a setback for Brazil, which has been trying for years to draw more electronics makers to do business in the country. Besides for the high employment costs and taxes in Brazil, added security concerns can now have some manufacturers thinking twice.


Comments (2)
  • chopchop0
    , contributor
    Comments (5330) | Send Message
    I guess thievery in Brazil isn't just something Brazil's equity investors have to deal with...
    8 Jul 2014, 08:50 AM Reply Like
  • just_trt
    , contributor
    Comments (51) | Send Message
    I wonder, will this boost Samsung's market share in Brazil ;)
    8 Jul 2014, 10:42 AM Reply Like
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