{"id":639349,"date":"2017-10-26T06:43:08","date_gmt":"2017-10-26T06:43:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/"},"modified":"2017-10-26T06:43:08","modified_gmt":"2017-10-26T06:43:08","slug":"lg-looking-to-invest-usd-60-mn-in-new-production-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/","title":{"rendered":"LG looking to invest USD 60 mn in new production line"},"content":{"rendered":"

LG Electronics Egypt is planning to add a new production line to its 10 Ramadan City plant at an initial investment cost of USD 60 mn,company sources tell Al Borsa<\/a>. The new air conditioning line will produce units mostly for export, which should allow the company to meet rising costs, especially with the slowdown in the domestic market.<\/p>\n","protected":false},"excerpt":{"rendered":"

LG Electronics Egypt is planning to add a new production line to its 10 Ramadan City plant at an initial investment cost of USD 60 mn,company sources tell Al Borsa. The new air conditioning line will produce units mostly for export, which should allow the company to meet rising costs, especially with the slowdown in […]<\/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-639349","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"f19b73bf-7940-45e4-aaca-87e037f496cd","order":"0","is_powered_by":true,"section_story_id":"fe35e1b4-6032-42cd-a0ab-b0a9d1d17f94","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639317],"teaser":"","voice_url":""},"yoast_head":"\nLG looking to invest USD 60 mn in new production line - 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\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG looking to invest USD 60 mn in new production line\" \/>\n<meta property=\"og:description\" content=\"LG Electronics Egypt is planning to add a new production line to its 10 Ramadan City plant at an initial investment cost of USD 60 mn,company sources tell Al Borsa. The new air conditioning line will produce units mostly for export, which should allow the company to meet rising costs, especially with the slowdown in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-26T06:43:08+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\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LG looking to invest USD 60 mn in new production line\",\"datePublished\":\"2017-10-26T06:43:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/\"},\"wordCount\":67,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/lg-looking-to-invest-usd-60-mn-in-new-production-line\/\",\"name\":\"LG looking to invest USD 60 mn in new production line - 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The company targets manufacturing 400k washers every year. 75% of the plant\u2019s production is set to be exported, Kwack says. Investments at\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":599941,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/","url_meta":{"origin":639349,"position":1},"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":574299,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/lg-egypt-to-invest-usd-50-mn-in-manufacturing-facilities-over-the-next-three-years\/","url_meta":{"origin":639349,"position":2},"title":"LG Egypt to invest USD 50 mn in manufacturing facilities over the next three years","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"INVESTMENT WATCH- LG Egypt to invest USD 50 mn in manufacturing over the coming three years: LG Egypt is planning to invest some USD 10 mn this year to boost its household appliance manufacturing capabilities in addition to committing USD 40 mn over the next three years to add new\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":602536,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/lg-plans-to-invest-usd-17-mn-on-three-new-production-lines\/","url_meta":{"origin":639349,"position":3},"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 "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":652308,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/","url_meta":{"origin":639349,"position":4},"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. Exports were down from USD 150 mn when the\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":575475,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/lg-to-export-70-of-its-egypt-made-products\/","url_meta":{"origin":639349,"position":5},"title":"LG to export 70% of its Egypt-made products","author":"enterpriseam admin","date":"15 October 2020","format":false,"excerpt":"]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\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=639349"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639349\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639317"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639349"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639349"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}