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 Electronics Aims for $1.5 Billion Turnover
Apr 1, 2005
 Printable format
 Email this Article
 Search

Consumer electronics and home appliances manufacturer LG Electronics India Limited is aiming to achieve a turnover of Rs 90 billion (approx. U.S. $1.5 billion) in 2005 against Rs 65 billion (approx. $2.1 billion) in 2004, with the company recording a 30 percent annual growth.

The company's South West Asia president K.R. Kim, said manufacturing units at Noida and Pune were expected to witness 40 to 75 percent growth in the information and communication technology products in the near future.

Mr. Kim said the company had netted 40 percent market share in the sale of monitors and 20 percent for personal computers, whereas it remained one of the market leaders in mobile phones with CDMA technology.

The company had subcontracted TV manufacturing facility to Goa-based Spiral Electronics Limited to assemble 1,000 sets to promote employment. It also plans to entrust the company the job of assembling DVD players, Mr. Kim explained.

He said LG Electronics plans to invest $60 million at its Ranjangaon facility near Pune by the year 2010 when it could achieve production of 20 million mobile handsets, half of which were meant for experts. (Sify)

Back to Daily News

 

Daily News

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

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

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