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LG opens new production line in Egypt

LG opens new production line in Egypt
LG invested $80 million in the project, which 50% of its production will be exported

Cairo - Mubasher: LG Electronics has launches a new production line for washing machines in the 10th of Ramadan City in Egypt.

The plant was inaugurated by the Egyptian minister of trade and industry, Tarek Kabil, on Saturday, according to an official statement.

This is the latest addition to the company’s activities in Egypt, where it also operates another line for producing TV Screens.

LG has recently pumped $80 million into the Egyptian market to expand production, and increase exports, as the ministry’s statement.

The LG Electronics - Egypt, Don Kwak, revealed that 50% of the production will be exported, in order to make the best use of the country’s strategic location, and high production capacities.

He also indicated that the new production line will follow the exact same standards of LG factories around the globe.