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LG Electronics pursues its 21st century vision of becoming a true global digital leader, making its customers worldwide delighted through its innovative digital products and services. Going forward LG India will synergize all activities in keeping with the global vision of becoming a global top 3 player in all business areas. LG’s top priority in 2007 is to maximize customer satisfaction and heighten the competitive edge of its flagship products.
In terms of overall performance, LG has clocked a sales turnover of Rs. 5000 crores amounting to a remarkable average growth of 20%. In the domestic market, LG posted a turnover of Rs. 4,500 crores in H1 2007. In terms of exports; LG recorded a phenomenal growth of 50% over H1 2006, Sales revenue from exports is Rs. 500 crores in H1 2007 as compared to Rs. 330 crores in H1 2006.
LG India achieved a turnover of Rs. 8,250 crores in year 2006, posting an overall growth of 10%. The overall contribution was 43% from Home Appliances, 39% from Consumer Electronics, 13% from computer products and 5% from GSM. We are expecting an overall growth rate of 15% this year. Having achieved leadership position in Plasma Display Panels and Flat TVs, the company is expecting to become the market leader in LCD TVs as well.
