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

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

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows