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

Daewoo to Expand Mexican Operations
May 18, 2004
 Printable format
 Email this Article
 Search

Korea-based appliance maker Daewoo Electronics announced that it will expand its operations in Mexico by doubling manufacturing capacity to 1.4 million units of white electronic goods.

The company said it will invest U.S. $20 million to increase the manufacturing capacity of its Mexican operation, Daewoo Electronics Home Appliance De Mexico, by 2005.

The plant will be developed as a strategic base for the electronics firm to capture markets in North, Central, and South America, Daewoo said. The expansion plan was unveiled on the occasion of the 10th anniversary of the company's advance into Mexico.

The plant, established in 1994, has produced refrigerators, washers, and microwaves, mainly for the Mexican market. Daewoo sold products amounting to $180 million in Mexico last year and aims to raise sales by 15 percent this year. (The Korea Times)

Back to Daily News

 

Daily News

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

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

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