{"id":652308,"date":"2017-01-05T04:10:11","date_gmt":"2017-01-05T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/"},"modified":"2017-01-05T04:10:11","modified_gmt":"2017-01-05T04:10:11","slug":"lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/","title":{"rendered":"LG Egypt exported USD 130 mn worth of goods in 2016"},"content":{"rendered":"<p>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 <a href=\"http:\/\/www.alborsanews.com\/2017\/01\/04\/130-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AD%D8%AC%D9%85-%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D9%85%D8%B5%D9%86%D8%B9-lg-%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7\/\">Al Borsa<\/a>. Exports were down from USD 150 mn when the Tenth of Ramadan factory first opened due to the instability on the FX market, the official added. The company has expanded exports, which make up 60% of the company\u2019s sales, to the UAE, Tunisia, Algeria, and the COMESA markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Tenth of Ramadan factory first [&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-652308","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"5c2f78c7-0ab7-42f9-8cc0-b299c06aaa1f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652283],"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 exported USD 130 mn worth of goods in 2016 - 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\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG Egypt exported USD 130 mn worth of goods in 2016\" \/>\n<meta property=\"og:description\" content=\"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 Tenth of Ramadan factory first [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-05T04:10:11+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\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LG Egypt exported USD 130 mn worth of goods in 2016\",\"datePublished\":\"2017-01-05T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/lg-egypt-exported-usd-130-mn-worth-of-goods-in-2016\/\",\"name\":\"LG Egypt exported USD 130 mn worth of goods in 2016 - 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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 &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":652308,"position":1},"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":635429,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/lg-egypt-targeting-usd-250-mn-in-exports-by-years-end\/","url_meta":{"origin":652308,"position":2},"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 &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":648770,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/lg-to-inject-usd-130-mn-in-new-investments-in-egypt\/","url_meta":{"origin":652308,"position":3},"title":"LG to inject USD 130 mn in new investments in Egypt","author":"enterpriseam admin","date":"11 April 2017","format":false,"excerpt":"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. 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