LG establishes fourth plant in Mexico
Mexico City,- LG, one of the largest electronics companies in the world, will build their fourth. plant in Mexico for the foreign market.
LG will manufacture front-load washing machines and stoves mainly for the US market in their facilities in Monterrey, Nuevo Leon, which will be thirtieth plant in the world of this Korean company.
“For LG, Mexico is among the seven main sites both for manufacturing and for sales”, Eduardo Velazquez, LG Electronics de Mexico Sales Director said in an interview.
The Company would not disclose the amount to be invested in the new factory. The plants the Company has in Mexico supply 90% of products sold in Mexico and 80% of those sold in the USA.
“The Company ships from Mexico supplies to two of its seven most important countries”, said Antonio Hidalgo, LG Marketing Director in Mexico.
Monterrey Plant, the Company says, has had an annual growth of 28% since 2001 and by the end of this year it is expected to manufacture more than US$1 billion.
Mexico City,- LG, one of the largest electronics companies in the world, will build their fourth. plant in Mexico for the foreign market.LG will manufacture front-load washing machines and stoves mainly for the US market in their facilities in Monterrey, Nuevo Leon, which will be thirtieth plant in the world of this Korean company.
“For LG, Mexico is among the seven main sites both for manufacturing and for sales”, Eduardo Velazquez, LG Electronics de Mexico Sales Director said in an interview.
The Company would not disclose the amount to be invested in the new factory. The plants the Company has in Mexico supply 90% of products sold in Mexico and 80% of those sold in the USA.
“The Company ships from Mexico supplies to two of its seven most important countries”, said Antonio Hidalgo, LG Marketing Director in Mexico.
Monterrey Plant, the Company says, has had an annual growth of 28% since 2001 and by the end of this year it is expected to manufacture more than US$1 billion.
Source: CNN Expansion - 12 August 2008
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08 September 2010
