{"id":575475,"date":"2020-10-15T04:18:09","date_gmt":"2020-10-15T04:18:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/"},"modified":"2020-10-15T04:18:09","modified_gmt":"2020-10-15T04:18:09","slug":"lg-to-export-70-of-its-egypt-made-products","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/","title":{"rendered":"LG to export 70% of its Egypt-made products"},"content":{"rendered":"

]Consumer electronics giant LG is planning on exporting over 70% of its Egypt-made washing machines and TVs over the coming years, CEO Billy Kim said in a press conference, without providing an exact timeline, according to the local press<\/a>. LG has invested USD 50 mn in its Egyptian production lines and plans to increase investments to manufacture OLED TVs.<\/p>\n","protected":false},"excerpt":{"rendered":"

]Consumer electronics giant LG is planning on exporting over 70% of its Egypt-made washing machines and TVs over the coming years, CEO Billy Kim said in a press conference, without providing an exact timeline, according to the local press. LG has invested USD 50 mn in its Egyptian production lines and plans to increase investments […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[72,8716,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575475","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-lg","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"d2d4e096-aa63-4243-970f-a4f8b1549902","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575445],"teaser":"","voice_url":""},"yoast_head":"\nLG to export 70% of its Egypt-made products - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG to export 70% of its Egypt-made products\" \/>\n<meta property=\"og:description\" content=\"]Consumer electronics giant LG is planning on exporting over 70% of its Egypt-made washing machines and TVs over the coming years, CEO Billy Kim said in a press conference, without providing an exact timeline, according to the local press. LG has invested USD 50 mn in its Egyptian production lines and plans to increase investments […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-15T04:18:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LG to export 70% of its Egypt-made products\",\"datePublished\":\"2020-10-15T04:18:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/\"},\"wordCount\":64,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"LG\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/\",\"name\":\"LG to export 70% of its Egypt-made products - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-10-15T04:18:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LG to export 70% of its Egypt-made products\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LG to export 70% of its Egypt-made products - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/","og_locale":"en_US","og_type":"article","og_title":"LG to export 70% of its Egypt-made products","og_description":"]Consumer electronics giant LG is planning on exporting over 70% of its Egypt-made washing machines and TVs over the coming years, CEO Billy Kim said in a press conference, without providing an exact timeline, according to the local press. LG has invested USD 50 mn in its Egyptian production lines and plans to increase investments […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-10-15T04:18:09+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"LG to export 70% of its Egypt-made products","datePublished":"2020-10-15T04:18:09+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/"},"wordCount":64,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","LG","Manufacturing"],"articleSection":["Manufacturing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/","name":"LG to export 70% of its Egypt-made products - 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According to Kwak, LG is looking to increase its reliance on locally sourced components in its manufacturing and expand its exports to African markets.","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599941,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/","url_meta":{"origin":575475,"position":2},"title":"LG to invest USD 15 mn in Egypt","author":"enterpriseam admin","date":"15 January 2019","format":false,"excerpt":"INVESTMENT WATCH- LG to invest USD 15 mn: LG Electronics Egypt will invest as much as USD 15 mn to expand its operations in Egypt, the company\u2019s Egypt boss, Don Kwak said, according to a statement from the Investment Ministry. The statement doesn\u2019t specify where the capital is being committed,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635429,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/","url_meta":{"origin":575475,"position":3},"title":"LG Egypt targeting USD 250 mn in exports by year\u2019s end","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646776,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/lg-incurred-losses-last-year-still-set-to-invest-locally\/","url_meta":{"origin":575475,"position":4},"title":"LG incurred losses last year, still set to invest locally","author":"enterpriseam admin","date":"22 June 2017","format":false,"excerpt":"LG Egypt incurred losses in 2016 because of the EGP float, Managing Director Don Kwak said, according to Al Mal. Kwak says LG was not \u201ccompensated\u201d for the FX losses the company made during the year. He also noted that the company\u2019s topline also dropped by 50% y-o-y last year.\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645305,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/lg-inaugurates-new-egp-120-mn-washing-machines-production-line\/","url_meta":{"origin":575475,"position":5},"title":"LG inaugurates new EGP 120 mn washing machines production line","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"LG inaugurated a new EGP 120 mn washing machine production line at its 10th of Ramadan factory, Al Masry Al Youm reports. The line has a production target of 87k washing machines this year, 56k of which are set to be exported. 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