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LG Electronics to convert Haiphong smartphone production line to home appliances 17:56 | 01/06/2021
LG Electronics will convert its smartphone production in Haiphong to produce home appliances
The move follows LG s decision to withdraw from the mobile business in April, according to
Yonhap newswire. Since then, LG has been actively relocating its mobile workforce and resources to its core home appliance segment in a bid to fully exit from its loss-making mobile division by July 31.
LG has witnessed surging demand for its premium appliances in light of the stay-at-home trend during the pandemic.
In April, LG Electronics Vietnam was reported to be looking for a buyer for its Haiphong smartphone factory for $90 million. However, at a meeting with leaders of the Ministry of Planning and Investment s Foreign Investment Agency, the company s leader refuted the news and stated that the LG Electronics factory in Haiphong will remain in operation.
Diverse Material and Color Choices to Match Any Décor;
Comes with LG’s Renowned Performance and Quality
SEOUL, South Korea, May 26, 2021 /PRNewswire/ LG Electronics (LG) announces the commencement of the international launch of LG Objet Collection, designed to meet the growing consumer demand for personalized, stylish and functional home appliances. Debuting as Furniture Concept Appliances at CES 2021, the LG Objet Collection’s Fridge and Freezer pair will debut in China, a market with already robust demand for LG premium appliances. Availability in key markets of Asia and Europe will follow soon thereafter.
Blurring the line between state-of-the-art home appliances and designer furnishings, the LG Objet Collection boasts a modern, minimalist design language that elevates and blends in effortlessly in any indoor environment. With a range of luxurious materials and subtle, sophisticated colors that can be mixed and matched according to preference, the collection provides a
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LG and Shaker To Upgrade AC Production Facility in Saudi Arabia With Innovative Automation Tech
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With Advanced Robotics and AI Technology, LG-Shaker will Boost Production Capacity and Operating Efficiency to Lead the Competitive Saudi Arabian Market
SEOUL, South Korea, May 4, 2021 /PRNewswire/ LG Electronics (LG) and Al Hassan Ghazi Ibrahim Shaker Co. (Shaker), Saudi Arabia s leading importer, manufacturer and distributor of air conditioners and home appliances, have announced new investment in their joint-venture air conditioner (AC) production facility in Riyadh, Saudi Arabia. Opening a new era in the local manufacturing industry, the LG-Shaker plant will deploy industrial robots and artificial intelligence (AI) technology to automate the production process and optimize operational efficiency.