LG Electronics is planning to launch three new production lines to produce refrigerators, automatic washing machines and microwaves, with total investments of USD 17 mn, according to a ministry statement (pdf). The announcement came following a meeting between Trade Minister Amr Nassar and LG Egypt CEO Don Kwak to discuss the company’s expansion plans and efforts to increase exports. The refrigerator production line should be up and running by the end of the year with 50% of its products planned for the domestic market and the rest for exports. The washing machines production line is expected to be launched at the beginning of next year with USD 3 mn. The third production line is also expected to be launched sometime next year with USD 2 investments.

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