Financial Daily from THE HINDU group of publications
Friday, Sep 24, 2004
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Corporate - New Projects


LG to open Pune plant next month

Our Bureau

Mumbai , Sept. 23

THE new manufacturing facility of LG Electronics India at Ranjangaon near Pune will be inaugurated in the first week of October.

Though the plant is designed to make LG India's entire range of products, initially it will manufacture only colour TVs and refrigerators, a company official said.

A significant portion of the production from the Pune plant will be exported. The company hopes to increase its export revenue to 20 per cent of its turnover by 2006, from five per cent now, he said.

This is the second manufacturing facility of the company in India which is being set up at an investment of about Rs 300 crore. The plant has commenced trial runs a month ago, the official said. LG's existing plant, set up in 1997, is located at greater Noida.

The LG Global Chairman, Mr Bon Moo Koo, and Mr S.S. Kim, Vice-Chairman, are expected to attend the opening function of the plant.

More Stories on : New Projects | Television Sets | Air-conditioners & Refrigerators | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Orchid partner crosses research milestone

MRPL capacity expansion not this year
Maini Precision to supply aero engine components to Snecma
ONGC wants to buy back shares from IOC, GAIL
No bitterness in family, argues Birlas' counsel
Award for 2 Tata Steel staff
ONGC Videsh in talks to buy equity stake in Ecuador block
Suzuki, Maruti to pump in Rs 6,000 cr over 5 years — Plans include car assembly unit, diesel engine plant
Wockhardt Hospitals goes for expansion
Jubilant to set up 2 subsidiaries
LG to open Pune plant next month
Cypress to invest $2 m; opens 2nd design centre
Ranbaxy gets FDA nod for respiratory drug
Glenmark signs $190-m pact with Forest Labs — To take asthma drug to N. America
Kingfisher takes Kiwi route to go Down Under
Tata Chem: Continued caution on soda ash front
Higher newsprint prices may hit Mid-Day Multimedia profits
A.K. Puri takes over as CMD of BHEL

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line