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 Electronic Qinhuangdao to Expand Production in China
Jan 12, 2005
 Printable format
 Email this Article
 Search

LG Electronic (Qinhuangdao) Co. Ltd. has decided to invest U.S. $7.5 million to expand production, which includes the construction of a 20,000-sq-m factory.

LG Electronic (Qinhuangdao) Co. Ltd. is a major enterprise launched in China by LG Group of South Korea. The company, which was launched in December 1995 with an investment of $8.5 million, mainly produces castings for household electrical appliances and are mainly exported to South Korea and sold in Tianjin.

LG has secured 66.67 hectares of land for the new factory building in Qinhuangdao Economic and Technological Development Zone. The new factory building is expected to be completed in July 2005, when the company's production capacity will increase by two-fold.

Despite a price hike in raw materials, LG Electronic (Qinhuangdao) Co. Ltd. realized a profit of $1.5 million in 2004, up 50 per cent from 2003. (XIC)

Back to Daily News

 

Daily News

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

Apr 16, 2014: Home Builder Confidence Steady in April

Apr 16, 2014: Little Swan Sees China Becoming a Front-Loader Washing Machine Market

Apr 16, 2014: Hisense Poised for Continued Growth in Africa

Apr 16, 2014: Sensor Hubs Seeing Big Gains

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows