LGEIL commences LCD Television manufacturing at Pune Plant
New Delhi, April 05, 2007: Leading Consumer Electronics and Home Appliance Brand, LG Electronics India today announced the commencement of LCD Television manufacturing at it’s Ranjangaon facility in Pune. With an initial investment of US $ 0.5M, LG has begun manufacturing 32” Liquid Crystal Display Televisions at this facility.
The present capacity of the facility is of 1 lakh unit per year and it shall cater to the need of the domestic markets . LG plans to upscale its operations to a figure of 2.5 lakh units a year in the near future. The Pune plant in addition to its current manufacturing facility at Greater Noida will enable the company to enhance its consumer reach and reiterate it’s commitment towards providing superior technology products to the India consumer.
According Mr. Moon B. Shin, Managing Director, LGEIL said, "This investment is in synergy with our vision and focus of expanding into premium products. The optimism that the Indian consumer has shown towards premium products has encouraged LG to invest into expansion of manufacturing facility at the Pune plant & enter the LCD TV manufacturing. It will give us an edge over other players in terms of production and subsequent market share."
Currently the facility manufactures Refrigerators, Color Televisions, airconditioners, Washing machines, Microwave ovens, monitors, GSM phones and Optical disk drives and caters to domestic as well as export markets.