Financial Daily from THE HINDU group of publications
Friday, Aug 12, 2005
Financial Daily from THE HINDU group of publications Friday, Aug 12, 2005 |
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Info-Tech
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Storage LGEIL to roll out storage products from next year Our Bureau
Mr K R Kim, President, South West Asia, LGE and Managing Director, LGEIL, displaying wireless LCD TV at the launch of 71 inch plasma display panel in Bangalore on Thursday. - - G. R. N. Somashekar
Bangalore , Aug 11 LGEIL, the Indian subsidiary of LG Electronics, expects its Pune plant to start making data storage products from next year. These would include CD-ROM, DVD-ROM, PC drives etc. The company also expects to roll out about 1.5 million mobile phones from the Pune facility next year, about 70 per cent of which is targeted at the domestic market while the rest is slated to be exported, said Mr K.R. Kim, President, South-West Asia LGE and Managing Director, LGEIL. He was speaking at the launch of the LG range of wireless LCD TVs, plasma display TVs and the world's largest 71 inch seamless plasma TV. These LCD production is being done in India and the plasma display production might happen out of India by the end of the year, according to the company. LGEIL set up its second greenfield manufacturing unit in Pune recently at an investment of Rs 150 crore, making CTVs, refrigerators and GSM phones. With the launch of the new display TVs, LGEIL is now present in every price point from Rs 39,000 to Rs 30 lakh, said Mr Kim, adding that the company expected the volumes to grow 100 per cent year on year in the new display lines. The 71-inch PDP, priced at Rs 30 lakh, is a niche product and the company expects to sell 150 of them in a year - primarily to space research agencies and to five-star hotels apart from high-end home theatre buyers. Said Mr Prasanna Raghavan, Product Group head, NDPs, LGEIL, "We expect a larger number of people — especially the tech-savvy Indian buyer — to go in for the 15 inch wireless LCD TV which has wireless connectivity of up to 50 m and a battery life of two hours, and is priced at Rs 99,000."
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