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 Make Indonesia AC Production Base
May 29, 2003
 Printable format
 Email this Article
 Search

LG Electronics will make Indonesia a base for its air-conditioner (AC) production, PT LG Electronics (LGEIN) manager Danny Dharmawan said early this week.

"Demand for AC units in Indonesia is now on the rise so that we are determined to make Indonesia one of LG's production bases in Southeast Asia," he said on Tuesday at an Indonesian Products Expo.

Actually, according to Mr. Dharmawan, since 1996 LG has had an AC production line in Indonesia for the domestic market, but later moved its production facilities to Vietnam following the monetary crisis that lowered the purchasing power of consumers at home in 1997.

But now LG is developing its production facilities in Indonesia in line with the national economic recovery and increasing demand for AC units, he added.

Mr. Dharmawan said the production capacity was about 100,000 units per year for the local market.

He also said LG's investment in Indonesia in 2004 was projected at U.S. $90 million, of which $29 million would be used for research and development of products. The remaining $61 million will be used to finance expansion of production capacity.

Meanwhile, Sung Khiun, LGEIN marketing manager, said that the domestic market potential for AC at home was now increasing. He predicted that this year the domestic market would absorb some 500,000-600,000 units.

"We expect to get a 20 per cent share of the AC market potential," he said, adding that if the market continued to gain strength LG would concentrate its AC production on the domestic market. (ANTARA, Asia Pulse)

Back to Daily News

 

Daily News

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

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 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