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| Corporate LG FAQ |
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What is LGE's total aggregate investment in India? |
LG's total investment in India between 1997 and 2006 is Rs. 1116 crores. |
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What is the volume of investment on the anvil, i.e. in Ranjangaon (Pune), in the GSM manufacturing facility, etc? |
This year we plan to invest about Rs. 100 Crores in India , out of which Rs. 33 Crores will be
towards the Ranjangaon facility.
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| What was the turnover of LG Electronics India in year 2006 ? What is LGEIL's
likely turnover in 2007, and how is it likely to be apportioned segment wise? |
| LG India achieved a turnover of Rs. 8,250 crores in year 2006, posting an overall growth of
10%. The overall contribution was 43% from Home Appliances, 39% from Consumer
Electronics, 13% from computer products and 5% from GSM. We are expecting an overall
growth rate of 15% this year. Having achieved leadership position in Plasma Display Panels
and Flat TVs, the company is expecting to become the market leader in LCD TVs as well. |
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| How was LG’s performance in first half of 2007? |
In terms of overall performance, LG has clocked a sales turnover of Rs. 5000 crores amounting to a remarkable average growth of 20%. In the domestic market, LG posted a turnover of Rs. 4,500 crores in H1 2007. In terms of exports; LG recorded a phenomenal growth of 50% over H1 2006, Sales revenue from exports is Rs. 500 crores in H1 2007 as compared to Rs. 330 crores in H1 2006. |
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| What is the vision of LG & what are the business goals? |
LG Electronics pursues its 21st century vision of becoming a true global digital leader, making its customers worldwide delighted through its innovative digital products and services. Going forward LG India will synergize all activities in keeping with the global vision of becoming a global top 3 player in all business areas. LG’s top priority in 2007 is to maximize customer satisfaction and heighten the competitive edge of its flagship products. |
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