LG Electronics pours in Rs 200 Crore at its Pune facility to manufacture new range of product
By MYBRANDBOOK
LG Electronics India in its Pune-based facility Ranjangaon has invested Rs 200 crore to build a new line for manufacturing the premium range of side-by-side refrigerators. Equipped with new technologies and machineries, the new facility will manufacture two lakh side-by-side refrigerators annually, said the company.
"This expansion is a step forward in making self-reliant India. LG Electronics is fully confident to make India a strong manufacturing hub. We will be also exporting from this facility," said LG Electronics India MD Hong Ju Jeon.
from this, at its Pune facility which is spread across 52.8 acres of land the company also manufactures double-door and single-door refrigerators, TVs, washing machines, ACs, and monitors.
"With an annual production capacity of 200k side-by-side refrigerator units, this manufacturing expansion will play a key role in addressing growing consumer demand and extending the company's portfolio in the Indian market," said LG Electronics.
The new facility was inaugurated in the presence of LG Electronics Global Refrigerator President Hyun Uk Lee, LG Electronics India MD Hong Ju Jeon and others.
Jeon said, "Localisation has been a key differentiator as we have continuously developed products based on Indian insights.
"Last year we started manufacturing windows inverter AC in India at Noida manufacturing facility, this year we are starting side-by-side refrigerator production in India at Pune manufacturing facility, every year we are expanding our local production operations," he said.
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