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 Begin Work On European Plant In 2006
Jul 11, 2005
 Printable format
 Email this Article
 Search

LG Electronics Inc., South Korea's second-largest consumer electronics maker, will begin construction of a new home appliance factory in Eastern Europe during the first half of next year, a company spokesman said.

"We plan to break ground on the new plant in eastern Europe in the first half of 2006," said spokesman Park Seung-koo.

Mr. Park said the company will soon choose the site for the plant and that the amount of investment has yet to be determined.

LG Electronics officials have said the firm is considering Poland, the Czech Republic, and Hungary as possible candidates.

In April, LG Electronics, which produces refrigerators, washing machines, air-conditioners, and other appliances, announced the plan for the facility in Eastern Europe.

LG Electronics aims to become the world's top appliance maker by 2007 by posting U.S. $14 billion in global sales.

LG Electronics had previously anticipated its home appliance unit to post $10 billion in sales this year. (Yonhap)

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