LG Electronics has decided to close down its microwave oven plant in England and shift complete manufacturing to its Ranjangaon plant near Pune, India.
The India plant has the capacity to manufacture three lakh units. The company plans to make about 1.2 lakh microwave ovens this year. LG Electronics President K R Kim said production was shifted because of high labor costs in England. Mr. Kim was hopeful of shifting more product lines from high cost areas to India. (The Financial Express)
The US Department of Energy has announced that, as of January 20, LG Electronics will be banned from using the Energy Star label on 20 of its refrigerator-freezer models. The agency, which has received criticism for failing to ensure the integrity of products bearing the Energy Star label, said t…
LG Electronics has announced the launch of 95 models of its 2004 side-by-side refrigerator series in the Gulf. The models achieve the world’s lowest noise and electricity consumption levels, said an official.
LG said today it will invest 101 million euros (approx. U.S. $124 million) by 2011 in a plant in Poland to produce home appliances and LCD TVs. LG Electronics of South Korean signed an investment contract today with the government of Poland to build a plant in Wroclaw to produce home appliances a…