LG to expand its manufacturing hub in India
South Korean technology major LG Electronics on Tuesday said it will be expanding its handset manufacturing facility in India, which exports mobile phones to overseas markets, in the coming months.
By PTI |
SINGAPORE: South Korean technology major LG Electronics on Tuesday said it will be expanding its handset manufacturing facility in India, which exports mobile phones to overseas markets, in the coming months.
The company would soon be exporting mobile phones from India to European countries and Commonwealth of Independent States (CIS). However, details on financial plans and capacity were not disclosed.
"We are planning to expand our manufacturing facility in India to increase the export of handsets. In the near future, the firm will be exporting mobile phones to European countries and CIS," Bo H Choi, Vice President/Regional Business Leader (Asia Pacific Region), Mobile Communication Company of LG Electronics said.
However, we are not in a position to disclose details about capital infusion," he added, while interacting with reporters after the launch of LG's latest mobile phone 'LG Secret (KF750)' at 'CommunicAsia2008' conference here.
Plans are also on the anvil to expand LG's line of mobile accessories such as blue tooth and ear phones. LG has manufacturing hubs in China, Brazil and Mexico apart from India.
The facility in India located near Pune exports handsets to countries in the Middle East, Africa and Asia and also manufactures mobile phones for the local market.
Further, LG is expecting to record higher sales of mobile phones in 2008. "Last year, LG sold about 80.5 million handsets and we are looking to sell more than 100 million units by the end of this year," Choi said.
The company would soon be exporting mobile phones from India to European countries and Commonwealth of Independent States (CIS). However, details on financial plans and capacity were not disclosed.
"We are planning to expand our manufacturing facility in India to increase the export of handsets. In the near future, the firm will be exporting mobile phones to European countries and CIS," Bo H Choi, Vice President/Regional Business Leader (Asia Pacific Region), Mobile Communication Company of LG Electronics said.
However, we are not in a position to disclose details about capital infusion," he added, while interacting with reporters after the launch of LG's latest mobile phone 'LG Secret (KF750)' at 'CommunicAsia2008' conference here.
Plans are also on the anvil to expand LG's line of mobile accessories such as blue tooth and ear phones. LG has manufacturing hubs in China, Brazil and Mexico apart from India.
The facility in India located near Pune exports handsets to countries in the Middle East, Africa and Asia and also manufactures mobile phones for the local market.
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Further, LG is expecting to record higher sales of mobile phones in 2008. "Last year, LG sold about 80.5 million handsets and we are looking to sell more than 100 million units by the end of this year," Choi said.
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