LG Electronics Inc. Overview
Company Headquarters: Seoul, South Korea
Founded: 1958
Workforce: ~2,59,915
Estimated Commercial Laundry Revenue- US$ 396.1 Mn
Company Working: LG Electronics Inc. is engaged in developing new technology and consumer electronics products. The company has a presence in almost every country worldwide. The company is a leading manufacturer of consumer and commercial products. LG Electronics operates with its four major business segments including Home Appliance & Air Solutions, Home Entertainment, vehicle Components Solutions, and Business Solutions. The Home Appliance & Air Solution segment provides refrigerators, washing machines, vacuum cleaners, and residential and commercial air conditioners. The Home Entertainment segment is involved in providing TVs and digital media products. Under its Vehicle Components Solutions segment the company designs and manufactures automobile parts. The Business Solutions segment specializes in the development of monitors, PCs, information displays, solar panels, and others. The company has manufacturing facilities in Pyeongtaek, Changwon, Gumi, and Incheon in the Republic of Korea. LG Electronics has a presence across North America, Europe, Asia-Pacific, Middle East, and Africa. A few of the affiliated companies working under LG Electronics are LG Electronics Nanjing Vehicle Components Co., Ltd., LG Electronics Algerie SARL, LGEUS Power LLC, and LG Electronics Overseas Trading FZE among others.
Strategy
LG Electronics focused on investing in innovations and technologies across the globe. The company is committed to developing innovative solutions and concepts to meet the individual requirements of its customers across the world. The company holds a strong position in the developed markets and aims to increase its global footprint through expansion in the developing markets globally. LG Electronics is focusing on investments and innovative product launches that are intended to augment growth, expand the business, and enhance the company’s consumer reach.
