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 Thailand Plant, R&D
Mar 16, 2006
 Printable format
 Email this Article
 Search

LG Electronics (Thailand) Co. plans to invest 800 million baht (approx. U.S. $20.5 million) in its Thai operations this year. Funds will be used to upgrade the production line for air-conditioners, and for research and development (R&D).

Part of the investment, worth 20 million baht (approx. $511,243), will go into the LG Air Conditioning Academy, located in Rayong. The new academy will train staff for the company's facilities throughout Asia.

Sung Nakkil, president and CEO, said the company had set a sales target for both window-type and split-type air-conditioners this year of 1.4 million units. Nakkil said he was optimistic that the investment would drive sales of LG air-conditioners to grow from 100,000 units in 2005, to compete with the top-ranking Mitsubishi brand.

LG also hopes to boost its presence in the commercial air-conditioner market, now led by the Trane and York brands.

S. S. Kim, CEO and vice-chairman of LG Electronics Inc., said that the investment would make Thailand a production and training hub for the local and international markets.

The academy would provide engineering personnel for the region, and upgrade service standards for high-technology LG products.

According to Kim, Thailand was a key production base for LG electrical goods such as washing machines, plasma TVs, and air-conditioners. He noted that the establishment of the LG Air Conditioning Academy in Thailand would help LG become one of the world's top-three leading brands by 2010.

LG expected the academy to employee 800 personnel in 2006 and 1,200 in 2007. (Bangkok Post)

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