LG add US$331 million investment in Indonesia
PT LG Eletronics Indonesia (LGEI) to expand its operations in Indonesia with additional investment of US$331 million, the only major investment for the country in manufacturing sector in the last few years.
According to people close to LGEI, a subsidiary of South Korea's electronic giant LG, the new investment will absorb 203 new jobs. Under the major expansion plan, LGEI will boost production capacity of LCD (250,000 units/year), TV (1.2 million units/y), audio/video/car radio cassete (7 million units/y), and refrigerator (1.6 million units/y).
The new plants will be located at Kawasan Industri MM 2000, Bekasi, West Java province.
LG Electronics Indonesia which was named as PT Goldstar Astra (a JV with Astra Group) was established in 1990. In 1998, LG assumed 100% ownership at the company and subsequently change the name to PT LG Eletronic Indonesia.
Currently, the company is a major national force in electronics and information and communication products with more than 2000 employees in all regions in Indonesia.
LGEI is involved in three main businesses. First, Digital Display & Media (Digital TV, PDP, Monitor, CD-ROM Drives, DVD-ROM Drive, Super Multi DVD RW, Combo, Portable Combo, DVD Player, Audio). Second, Digital Appliance (Air Conditioner, Refrigerator, Microwave oven, Washing Machine). Third, Communication Handset both for GSM & CDMA.
LG is among the biggest investors in Indonesia. Besides LGEI, LG has other subsidiaries namely LG Innotek (established in 2000 to produce TV tuner, VCR head and components), LG Phillips (established in 2001 to produce CRT and electro gun), LG Insurance, and LG International Corp.
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According to people close to LGEI, a subsidiary of South Korea's electronic giant LG, the new investment will absorb 203 new jobs. Under the major expansion plan, LGEI will boost production capacity of LCD (250,000 units/year), TV (1.2 million units/y), audio/video/car radio cassete (7 million units/y), and refrigerator (1.6 million units/y).
The new plants will be located at Kawasan Industri MM 2000, Bekasi, West Java province.
LG Electronics Indonesia which was named as PT Goldstar Astra (a JV with Astra Group) was established in 1990. In 1998, LG assumed 100% ownership at the company and subsequently change the name to PT LG Eletronic Indonesia.
Currently, the company is a major national force in electronics and information and communication products with more than 2000 employees in all regions in Indonesia.
LGEI is involved in three main businesses. First, Digital Display & Media (Digital TV, PDP, Monitor, CD-ROM Drives, DVD-ROM Drive, Super Multi DVD RW, Combo, Portable Combo, DVD Player, Audio). Second, Digital Appliance (Air Conditioner, Refrigerator, Microwave oven, Washing Machine). Third, Communication Handset both for GSM & CDMA.
LG is among the biggest investors in Indonesia. Besides LGEI, LG has other subsidiaries namely LG Innotek (established in 2000 to produce TV tuner, VCR head and components), LG Phillips (established in 2001 to produce CRT and electro gun), LG Insurance, and LG International Corp.
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posted by yosef at 2:17 PM
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