LG is begin operations at its new washers production line at its Sixth of October plant within a month, LG Egypt Managing Director Don Kwak tells Al Mal. The company targets manufacturing 400k washers every year. 75% of the plant’s production is set to be exported, Kwack says. Investments at the plant, which includes a smart TV production line, are about USD 170 mn. Kwak also added that, overall, LG is looking to increase exports from Egypt to USD 250 mn from USD 150 mn in 2016. He told Al Mal the company is targeting export markets in the UAE, Saudi Arabia, Iraq, and North Africa.

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