{"id":648770,"date":"2017-04-11T04:15:18","date_gmt":"2017-04-11T04:15:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/"},"modified":"2017-04-11T04:15:18","modified_gmt":"2017-04-11T04:15:18","slug":"lg-to-inject-usd-130-mn-in-new-investments-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/","title":{"rendered":"LG to inject USD 130 mn in new investments in Egypt"},"content":{"rendered":"

LG Egypt plans to invest USD 130 mn in Egypt, Managing Director Don Kwack told Investment and International Cooperation Minister Sahar Nasr, according to an e-mailed statement<\/a>. Expansion plans include its new washer machine line<\/a> which is set to launch end of May to manufacture 100k machines per year, Kwack says. LG intends to establish assembly lines for ACs and fridges, with plans to fully manufacture in Egypt. The company acquired a new 207k sqm land plot in 10th of Ramadan for the factory.<\/p>\n","protected":false},"excerpt":{"rendered":"

LG Egypt plans to invest USD 130 mn in Egypt, Managing Director Don Kwack told Investment and International Cooperation Minister Sahar Nasr, according to an e-mailed statement. Expansion plans include its new washer machine line which is set to launch end of May to manufacture 100k machines per year, Kwack says. LG intends to establish […]<\/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-648770","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"cc456048-394d-404d-86c4-cb936a93fa4f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648740],"teaser":"","voice_url":""},"yoast_head":"\nLG to inject USD 130 mn in new investments in Egypt - 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\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG to inject USD 130 mn in new investments in Egypt\" \/>\n<meta property=\"og:description\" content=\"LG Egypt plans to invest USD 130 mn in Egypt, Managing Director Don Kwack told Investment and International Cooperation Minister Sahar Nasr, according to an e-mailed statement. Expansion plans include its new washer machine line which is set to launch end of May to manufacture 100k machines per year, Kwack says. LG intends to establish […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-11T04:15:18+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\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LG to inject USD 130 mn in new investments in Egypt\",\"datePublished\":\"2017-04-11T04:15:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/\",\"name\":\"LG to inject USD 130 mn in new investments in Egypt - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-11T04:15:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LG to inject USD 130 mn in new investments in Egypt\"}]},{\"@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 inject USD 130 mn in new investments in Egypt - 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\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/","og_locale":"en_US","og_type":"article","og_title":"LG to inject USD 130 mn in new investments in Egypt","og_description":"LG Egypt plans to invest USD 130 mn in Egypt, Managing Director Don Kwack told Investment and International Cooperation Minister Sahar Nasr, according to an e-mailed statement. Expansion plans include its new washer machine line which is set to launch end of May to manufacture 100k machines per year, Kwack says. LG intends to establish […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-11T04:15:18+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\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"LG to inject USD 130 mn in new investments in Egypt","datePublished":"2017-04-11T04:15:18+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/"},"wordCount":93,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Manufacturing"],"articleSection":["Manufacturing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/","name":"LG to inject USD 130 mn in new investments in Egypt - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-11T04:15:18+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"LG to inject USD 130 mn in new investments in Egypt"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":635429,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/","url_meta":{"origin":648770,"position":0},"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":648814,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/12\/lgs-post-float-fx-losses-land-north-of-usd-170-mn\/","url_meta":{"origin":648770,"position":1},"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 "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":646725,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/","url_meta":{"origin":648770,"position":2},"title":"LG to operate new washers line within a month, targets USD 250 mn in exports","author":"enterpriseam admin","date":"21 June 2017","format":false,"excerpt":"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\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":648770,"position":3},"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":[]},{"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":648770,"position":4},"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":648041,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/lg-egypt-to-raise-capital-to-egp-3-bn\/","url_meta":{"origin":648770,"position":5},"title":"LG Egypt to raise capital to EGP 3 bn","author":"enterpriseam admin","date":"25 May 2017","format":false,"excerpt":"LG Electronics decided to raise its Egypt capital EGP 100 mn to EGP 3 bn, LG Egypt\u2019s managing director Don Kwack informed Investment and International Cooperation Minister Sahar Nasr yesterday, Al Mal reports.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"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\/648770","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=648770"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648770\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648740"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648770"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648770"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}