Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG Electronics Aims to Ship 10 Million Washing Machines in 2008
Jul 30, 2008
 Printable format
 Email this Article
 Search

LG Electronics introduced its flagship washing machines for the second half of 2008 and announced its business strategies for achieving the top position globally in the category as well as total sales of US$7 billion by 2012. LG introduced the new products and its strategy at a launch event and press conference at the Lotte Hotel in Seoul, Korea.

"Our washing machine business has shown solid sales in spite of global economic hardship thanks to effective localization strategies and reliable products," said Young-Ha Lee, president and CEO of LG Digital Appliance Company. "Constant introduction of products based on consumer insights and progressive technology will allow us to become the global leader in washing machines."

LG says that its total washing machine shipments are expected to reach 10 million units in 2008, a 12% increase from last year. In front-loading washing machines, it said its accumulated sales volume from 1990 through 2007 has reached 10 million units.

In August, LG is launching a new front-loading washing machine in North America, featuring a 16.9-inch wide square-shaped door and a 4.5 cubic foot capacity.

Back to Daily News

 

Daily News

...........................................................

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows