LG Egypt targeting USD 250 mn in exports by year’s end

LG Egypt is looking to boost its exports to USD 250 mn by the end of this year, CEO Don Kwack tells Al Mal. The company has already achieved approximately 95% of its targeted export value, following a 45% y-o-y increase in its exports during 1H2017, according to Kwack. LG exports c. 70% of output from its 10 Ramadan City plant are earmarked for exports.