{"id":635429,"date":"2017-12-04T04:06:46","date_gmt":"2017-12-04T04:06:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/"},"modified":"2017-12-04T04:06:46","modified_gmt":"2017-12-04T04:06:46","slug":"lg-egypt-targeting-usd-250-mn-in-exports-by-years-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/","title":{"rendered":"LG Egypt targeting USD 250 mn in exports by year\u2019s end"},"content":{"rendered":"<p>LG Egypt is looking to boost its exports to USD 250 mn by the end of this year, CEO Don Kwack <a href=\"http:\/\/www.almalnews.com\/Story\/355264\/17\/250-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-LG-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\">tells Al Mal<\/a>. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/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":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635429","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"76d920f3-d759-44a0-96d9-6044448dde0e","order":"0","is_powered_by":true,"section_story_id":"8882c8cb-e531-4d86-bddb-0dee9d01072f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635394],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LG Egypt targeting USD 250 mn in exports by year\u2019s end - 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\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG Egypt targeting USD 250 mn in exports by year\u2019s end\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-04T04:06:46+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\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LG Egypt targeting USD 250 mn in exports by year\u2019s end\",\"datePublished\":\"2017-12-04T04:06:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/\"},\"wordCount\":71,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/\",\"name\":\"LG Egypt targeting USD 250 mn in exports by year\u2019s end - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-12-04T04:06:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LG Egypt targeting USD 250 mn in exports by year\u2019s end\"}]},{\"@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 Egypt targeting USD 250 mn in exports by year\u2019s end - 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\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/","og_locale":"en_US","og_type":"article","og_title":"LG Egypt targeting USD 250 mn in exports by year\u2019s end","og_description":"LG Egypt is looking to boost its exports to USD 250 mn by the end of this year, CEO Don Kwack tells Al Mal. 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Expansion plans include its new washer machine line which is set to launch end of May to manufacture 100k machines per year, Kwack\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":650739,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/lg-egypt-looking-to-increase-exports-to-usd-85-mn-in-1h2017\/","url_meta":{"origin":635429,"position":2},"title":"LG Egypt looking to increase exports to USD 85 mn in 1H2017","author":"enterpriseam admin","date":"30 March 2017","format":false,"excerpt":"LG Egypt is targeting increasing its television exports to USD 85 mn in 1H2017 from USD 62 mn in 1H2016, Al Borsa reports. The company\u2019s plant in Tenth of Ramadan underwent a capacity increase and LG Egypt is looking to open new export markets. A source said the company is\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":648814,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/12\/lgs-post-float-fx-losses-land-north-of-usd-170-mn\/","url_meta":{"origin":635429,"position":3},"title":"LG\u2019s post-float FX losses land north of USD 170 mn","author":"enterpriseam admin","date":"12 April 2017","format":false,"excerpt":"LG sustained FX losses north of USD 170 mn since the EGP float last November, Egypt Managing Director Don Kwack told Reuters\u2019 Arabic service on Tuesday. The company plans to increase its working capital by some USD 130 mn in the coming period, as it expands its operations and brings\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":602536,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/lg-plans-to-invest-usd-17-mn-on-three-new-production-lines\/","url_meta":{"origin":635429,"position":4},"title":"LG plans to invest USD 17 mn on three new production lines","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":652308,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/","url_meta":{"origin":635429,"position":5},"title":"LG Egypt exported USD 130 mn worth of goods in 2016","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"LG Egypt exported USD 130 mn worth of goods in 2016 and is studying new solutions to bring the washing machine and air conditioning production lines into operation this year following the EGP float, an unnamed company official told Al Borsa. 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