LG to increase production in Poland

2010-09-06

LG Electronics is planning to expand two factories in the Wroclaw area in Poland, according to a report in Rzeczpospolita. The Polish plants, which manufacture washing machines and refrigerators, are LG’s most important production facilities in Europe. In 2011, the company intends to launch a new production line at a factory in Wroclaw which will be able to produce 700,000 washing machines every year.
From 2012 onwards, LG also intends to increase the production of refrigerators from the 300,000 manufactured at present to 1.4 million items per year.
Increased production in Poland will allow the company to reduce the costs of transportation. At present, LG equipment sold in Europe is produced on the Asian markets. In addition, the producer intends to expand in North African countries such as Morocco and Tunisia.
Within four years LG aims to lead the field globally in terms of household appliances. According to the Bloomberg agency, the company will invest around $70m between now and 2015.