LG Is Converting Its Smartphone Production Lines To Make Home Appliances: Report

- Advertisement -

Earlier this year, LG announced that it would stop making smartphones following years of making losses

Following its exit from the smartphone business, LG Electronics is now reportedly converting its overseas smartphone manufacturing factories into home appliances producing facilities, Yonhap news agency reported citing industry insiders. 

- Advertisement -

As per LG, the Brazilian government has approved its plan to expand its Manaus plant in Amazonas, northwestern Brazil, in a move to shift its production lines from the Taubate site on the east coast. 

The $6 million expansion plan will provide the South Korean electronics giant with new production lines for laptops and monitors at the Manaus plant, as per Yonhap.

The Manaus plant was originally established in 1995 to manufacture TVs, microwave ovens and DVD players, adding air conditioners in 2001, while the Taubate plant has been producing mobile phones, monitors and laptops since 2005. LG added that all of its Brazilian manufacturing will be consolidated in Manaus down the road.

The tech company has also converted its smartphone line in a plant in Vietnam to make home appliances. 

Earlier this year, LG announced that it would stop making smartphones following years of making losses. LG now seems to be gearing up to make its consumer electronics front stronger as it streamlines resources from the now-redundant smartphone line towards home appliances. 

According to Yonhap, demand for LG’s premium appliances has been soaring on the back of the pandemic-induced stay-at-home trend.

The utilization rate of its home appliance production lines reached a five-year high in the first quarter of the year, according to LG.

The rate for the refrigerator manufacturing lines stood at 153.2 per cent, while that of air conditioner and washer production facilities came to 142.8 per cent and 114.4 per cent, respectively.

A rate over 100 per cent means that the company is fully running its productions lines and additionally operating facilities with extra work.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Indian Automobile Industry Value Surges 19% In FY 2023-24

0
India's vehicle production grew by 10%, with a 19% increase in value.  The UV + SUV segment saw the highest growth, with a 23% rise...

Deadstock Or Forgotten Treasure?

0
In a world where technology is advancing at a breakneck speed, are the deadstock electronics components in your warehouse on the verge of becoming...

Breathing Through “First-Time Silicon Success”

0
No one is born a leader, but the choices we make in life propel us to become a leader. For Chitra Hariharan, an innocent...

Buzz

Epsilon Collaborates With Motovolt For Sustainable Employee Mobility

0
The employees and their families of Epsilon residing in Vijayanagar, Karnataka, will get subsidised e-mobility options from Motovolt.  Epsilon Group, a manufacturer specialising in carbon-based...

Vitesco Debuts Single-Module Rotor Lock Actuator For EVs

0
Integration of park lock, rotor position sensing, and brush system into a single module for electric axles simplifies design, reduces space requirements, and lowers...

Indian Automobile Industry Value Surges 19% In FY 2023-24

0
India's vehicle production grew by 10%, with a 19% increase in value.  The UV + SUV segment saw the highest growth, with a 23% rise...

Important Sectors

Epsilon Collaborates With Motovolt For Sustainable Employee Mobility

0
The employees and their families of Epsilon residing in Vijayanagar, Karnataka, will get subsidised e-mobility options from Motovolt.  Epsilon Group, a manufacturer specialising in carbon-based...

Vitesco Debuts Single-Module Rotor Lock Actuator For EVs

0
Integration of park lock, rotor position sensing, and brush system into a single module for electric axles simplifies design, reduces space requirements, and lowers...

Goenka Green’s ElectroRide To Raise $10-15M In FY25, Expanding To 4Ws

0
Electroride has set ambitious goals for FY25 to expand its business significantly. The company targets a revenue range of USD 12-15 million in FY25...

MAHLE Launches X30 Drive System For Electric Bikes

0
The system maintains compatibility with all components, accessories, and the digital ecosystem of the existing X20 system. MAHLE SmartBike Systems has unveiled its X30 drive...

MeitY Plans Billion-Dollar Subsidy Scheme For Component Manufacturing

0
Reports indicate that the Government will offer subsidies for lands obtained to manufacture electronics components in categories where the investment-to-output ratio is not high. The...

Manufacturing

Deadstock Or Forgotten Treasure?

0
In a world where technology is advancing at a breakneck speed, are the deadstock electronics components in your warehouse on the verge of becoming...

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...