{"id":646725,"date":"2017-06-21T04:18:39","date_gmt":"2017-06-21T04:18:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/"},"modified":"2017-06-21T04:18:39","modified_gmt":"2017-06-21T04:18:39","slug":"lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/","title":{"rendered":"LG to operate new washers line within a month, targets USD 250 mn in exports"},"content":{"rendered":"<p>LG is begin operations at its new washers production line at its Sixth of October plant within a month, LG Egypt Managing Director Don Kwak tells <a href=\"http:\/\/www.almalnews.com\/Story\/337788\/17\/%D8%A5%D9%84-%D8%AC%D9%89-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%AE%D8%B7%D8%A7-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%BA%D8%B3%D8%A7%D9%84%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-%D8%B4%D9%87%D8%B1%E2%80%8E-\">Al Mal<\/a>. The company targets manufacturing 400k washers every year. 75% of the plant\u2019s production is set to be exported, Kwack says. Investments at the plant, which includes a smart TV production line, are about USD 170 mn. Kwak also added that, overall, LG is looking to increase exports from Egypt to USD 250 mn from USD 150 mn in 2016. He told <a href=\"http:\/\/www.almalnews.com\/Story\/337785\/17\/%D8%B9%D8%A7%D8%AC%D9%84---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-%D9%85%D8%B3%D8%AA%D9%87%D8%AF%D9%81%D8%A9-%D9%84%D9%80-%D8%A5%D9%84-%D8%AC%D9%89-%D9%85%D8%B5%D8%B1%E2%80%8E-\">Al Mal<\/a> the company is targeting export markets in the UAE, Saudi Arabia, Iraq, and North Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LG is begin operations at its new washers production line at its Sixth of October plant within a month, LG Egypt Managing Director Don Kwak tells Al Mal. The company targets manufacturing 400k washers every year. 75% of the plant\u2019s production is set to be exported, Kwack says. Investments at the plant, which includes a [&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-646725","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"7810b8d6-ec0f-4d95-affb-394fd3aead4e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[646690],"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 to operate new washers line within a month, targets USD 250 mn in exports - 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\/06\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG to operate new washers line within a month, targets USD 250 mn in exports\" \/>\n<meta property=\"og:description\" content=\"LG is begin operations at its new washers production line at its Sixth of October plant within a month, LG Egypt Managing Director Don Kwak tells Al Mal. The company targets manufacturing 400k washers every year. 75% of the plant\u2019s production is set to be exported, Kwack says. 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The statement doesn\u2019t specify where the capital is being committed,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":646725,"position":1},"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":570062,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/don-kwak-steps-down-as-chief-of-lg-egypt\/","url_meta":{"origin":646725,"position":2},"title":"Don Kwak steps down as chief of LG Egypt","author":"enterpriseam admin","date":"17 March 2020","format":false,"excerpt":"MOVES- Don Kwak has stepped down from his role as CEO of LG Egypt, Al Mal reports. Kwak served as the company\u2019s chief since February 2016, and headed a USD 250 mn expansion in the Tenth of Ramadan City factory that added new TV and washing machine production lines. An\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":646776,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/lg-incurred-losses-last-year-still-set-to-invest-locally\/","url_meta":{"origin":646725,"position":3},"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 &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":645305,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/lg-inaugurates-new-egp-120-mn-washing-machines-production-line\/","url_meta":{"origin":646725,"position":4},"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. LG Egypt Managing Director Don Kwak said last\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":599654,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/trade-minister-and-lg-electronics-egypts-ceo-don-kwak-discuss-companys-future-plans-in-egypt\/","url_meta":{"origin":646725,"position":5},"title":"Trade Minister and LG Electronics Egypt\u2019s CEO Don Kwak discuss company\u2019s future plans in Egypt","author":"enterpriseam admin","date":"6 January 2019","format":false,"excerpt":"Trade and Industry Minister Amr Nassar met yesterday with LG Egypt CEO Don Kwak to discuss the company\u2019s future manufacturing and export plans, according to Mubasher. 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 &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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646725","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=646725"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646725\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646690"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646725"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646725"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}