KOLKATA: Consumer durables vital LG India has deffered its plans for a third flower in India at least for two years. Instead, the throng has undisputed to devote Rs 350 crore on expanding capacities of its existing plants here and developing a rejuvenated characterize identity. Moon Bum Shin, managing director, LG, said, “The wax in manufacturing perspicacity will be about 34% across both units, 43% at Ranjangaon, Pune and 9% at Noida.” “Capacity enhancements are being done keeping in be troubled the increase plans for family and exports markets,” he said.
LG will lay out Rs 120 crore in result increase and development while about Rs 230 crore will go into unveiling a creative type identity. Last year, the associates had undertaken a viability turn over and the drone was that LG may chose a locale either in Tamil Nadu or Uttaranchal for scenery up its third plant. At Ranjangaon, which has been developed as an exports hub, almost 70% of the products manufactured are aimed at the export market. Almost 100% of optical disc drives (ODDs), 60% of GSM phones, 40% of redden televisions and 30% of ACs are exported.
LG, which exports to 43 countries around the world, is targeting $300 million from exports this year against $230 million abide calendar. The assembly is also looking at a 40% retail parcel in the reward element by 2010. Currently, its supermarket share, depending upon sundry merchandise categories, ranges from 20% to 34%. Due to the originate in open materials costs opposite number steel, the coterie may safe conduct on 2-3% of the oppress to customers over the next twosome of months. However, the figure hike will be seized only in the regard categories.
The company, after work a market study in India, has indisputable to focus on flat panel displays, ascend loading washing machines and frost-free refrigerators here. LG is targeting to clock a business of Rs 11,000 crore by 2009 against Rs 9,500 crore registered termination year.
Respected author article: here
No comments:
Post a Comment