LG Electronics India begins local manufacturing of Dual Inverter AC Compressors | Loktej Business, Regional News
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Thane, March 27, 2023: Taking a significant step in support of Make in India initiative and Atmanirbhar Bharat mission, LG Electronics India has inaugurated a local manufacturing line for dual inverter air conditioner compressors at its Greater Noida facility. The new production line, launched in the presence of government officials, LG global executives and other senior dignitaries, makes LG the first brand to manufacture its dual inverter air conditioner compressors in India.
With an investment of around Rs 100 crore, the new facility has an annual production capacity of over 1 million units. Equipped with advanced technologies and machinery, the facility will manufacture Dual Inverter Air Conditioner Compressors, further strengthening LG India’s market leadership in the air conditioning industry.
Commenting on the inauguration, Hyunjin Lee, Manufacturing MD, LG Electronics India said, “We have been consistently serving the Indian market with the latest products and technologies for the consumers since last 25 years. We align well with the vision of Hon’ble PM Has happened.” Lee said the company recently started manufacturing Side by Side refrigerators at its Pune facility and the Greater Noida manufacturing line is another step towards making Atmanirbhar Bharat a reality and turning India into a powerful manufacturing hub.
LG Electronics India Pvt. Ltd., a wholly owned subsidiary of LG Electronics, South Korea, was established in January 1997 and has become a formidable brand in consumer electronics, home appliances, HVAC and IT hardware. The company’s eco-friendly manufacturing unit in Greater Noida is one of the largest among all LG manufacturing plants worldwide, while the second greenfield facility in Ranjangaon, Pune produces LED TVs, air conditioners, commercial air conditioning systems, washing machines, refrigerators.
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