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 in Indonesia Next Year
Dec 30, 2004
 Printable format
 Email this Article
 Search

Consumer electronics producer PT LG Electronics Indonesia (LGEIN) said it would invest up to U.S. $15 million in the country next year, bringing its total investment in Indonesia to $90 million, a senior executive said.

Moon Ik-jang, LGEIN corporate planning executive, said the money would be used to finance the research and development of products manufactured in the country, to buy new machinery, and to expand the company's marketing and after-sales service network.

"Actually, most of the fresh investment will be spent for the purchase of new machinery because we will be launching new models next year," Sung Khiun, LGEIN general and sales manager, said.

Mr. Sung said the company would open additional representative offices across the country to strengthen its marketing network and after-sales service.

LGEIN currently has 15 branch offices and 71 service centers in several major cities across the country.

The company booked total sales of $330 million in 2004, 67 percent of which came from domestic sales and 33 percent from exports.

"For 2005, we are targeting a sales increase of 42 percent to $420 million, with 70 percent from domestic sales and 30 percent from exports," Mr. Sung said, adding that the company was optimistic that electronics market in Indonesia would continue to improve next year.

LGEIN is targeting 32-percent growth in domestic sales of digital displays and media products, which include televisions, monitors, and audio-video products.

Sales of digital appliances such as refrigerators, air-conditioners, and washing machines are expected to grow by 49 percent.

"Refrigerator sales are expected to grow by 49 percent, air-conditioners by 61 percent, and washing machines by 32 percent," Mr. Sung said. (The Jakarta Post)

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