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 to Invest $1.5 Billion in Appliance, Electronics Plants in Vietnam
Sep 13, 2013
 Printable format
 Email this Article
 Search

South Korea's LG Electronics is planning to spend as much as USD $1.5 billion to increase it manufacturing capacity in Vietnam.

Currently, LG has annual production capacity in Vietnam to make:
• 500,000 washing machines
• 500,000 vacuum cleaners
• 150,000 air-conditioners
• 750,000 TVs
• 400,000 mobile phones

LG will expand its manufacturing footprint in Haiphong, Vietnam's biggest port city. The first new factory on the site is scheduled to begin making home appliances and TVs in mid-2014. Other plants will be added over the course of the 10-year investment project on the site, and two existing Vietnamese LG plants will be relocated to the site.

An LG spokesman described Vietnam as an attractive nation for investment, with the benefit of political stability and a workforce that is becoming more educated.

Back to Daily News

 

Daily News

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

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

Nov 25, 2014: Existing home sales up in October

Nov 25, 2014: CEA: confidence in technology spending up in November

More Daily News>>

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

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

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows