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LG Electronics begins Production at Saudi AC Plant Jun 9, 2008 |
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LG Electronics Inc. said it has started production at its newly-built air-conditioner factory in Saudi Arabia.
The US$35 million plant has an annual output capacity of 250,000 units and LG plans to invest an additional $20 million by 2012 to double output.
The Saudi Arabian air-conditioner market, which stands at around $450 million, is expected to expand to $700 million by 2011, according to LG.