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 May Make Malaysia Regional Hub
Mar 31, 2005
 Printable format
 Email this Article
 Search

South Korean consumer electronics maker LG Electronics is considering Malaysia as its regional logistics center for South-East Asia.

LG Electronics (M) Sdn Bhd managing director I.G. Kim said the company will conduct an in-depth study on the viability of Malaysia as its regional logistics center. "We are considering Malaysia to deliver LG products to the rest of the region, taking advantage of the Asian Free Trade Area (Afta). We will come out with a more concrete plan later," he said.

Mr. Kim said LG Electronics Malaysia currently has an assembly line in Port Klang, which assembles LG products like refrigerators, washing machines, and television sets. On whether LG Electronics Malaysia will establish its production base in Malaysia, Mr. Kim said "It is too early... we are more into the setting up the logistics center here."

LG Electronics opened LG Electronics Malaysia, it's 74th subsidiary in the world, in mid-March 2005. LG Electronics Malaysia has a paid-up capital of U.S. $7.5 million.

Although LG Electronics is the last of the global consumer electronics players to have a direct presence in Malaysia, six of its products are already one of the market leaders in the country such as air-conditioners, refrigerators, washing machines, DVD players, and plasma TVs. (Business Times)

Back to Daily News

 

Daily News

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

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

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