LG Reorganizes Manufacturing Facilities; Invests in Mexico
LG Electronics plans to reorganize its manufacturing plants and expand its investments in Mexico to maximize efficiency and competitiveness.
The company will invest an additional $100 million over the next three years, increasing total production capacity to $4 billion. This is designed to generate synergies among plants in Mexico and improve cash flow during the current global recession, while further improving capabilities to serve customers in North, Central and South America.
LG Electronics currently operates three manufacturing facilities in Mexico: Reynosa and Mexicali producing TVs and Monterrey making refrigerators and electric ovens.
The company will invest an additional $100 million over the next three years, increasing total production capacity to $4 billion. This is designed to generate synergies among plants in Mexico and improve cash flow during the current global recession, while further improving capabilities to serve customers in North, Central and South America.
LG Electronics currently operates three manufacturing facilities in Mexico: Reynosa and Mexicali producing TVs and Monterrey making refrigerators and electric ovens.