Leading Consumer Electronics and Home Appliance Brand, LG Electronics India today announced the commencement of LCD Television manufacturing at it’s Ranjangaon facility in Pune. With an initial investment of US $ 0.5M, LG has begun manufacturing 32” Liquid Crystal Display Televisions at this facility.

The present capacity of the facility is of 1 lakh unit per year and it shall cater to the need of the domestic markets . LG plans to upscale its operations to a figure of 2.5 lakh units a year in the near future. The Pune plant in addition to its current manufacturing facility at Greater Noida will enable the company to enhance its consumer reach and reiterate it’s commitment towards providing superior technology products to the India consumer.

According Mr. Moon B. Shin, Managing Director, LGEIL said, "This investment is in synergy with our vision and focus of expanding into premium products. The optimism that the Indian consumer has shown towards premium products has encouraged LG to invest into expansion of manufacturing facility at the Pune plant & enter the LCD TV manufacturing. It will give us an edge over other players in terms of production and subsequent market share.”

Currently the facility manufactures Refrigerators, Color Televisions, airconditioners, Washing machines, Microwave ovens, monitors, GSM phones and Optical disk drives and caters to domestic as well as export markets.

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LG Electronics India Pvt. Ltd., a wholly owned subsidiary of LG Electronics, South Korea was established in January 1997 in India. It is one of the most formidable brands in consumer electronics, home appliances, IT hardware and mobile communications space. In India for a decade, LG has earned a premium brand positioning and is the acknowledged trendsetter for the industry.

LGEIL has achieved a turnover of Rs 8250 crore in 2006. LGEIL's manufacturing unit at Greater Noida is one of the most eco-friendly units among all LG manufacturing plants in the world. The second Greenfield facility is located at Ranjangaon, Pune has the capacity to manufacture GSM Phones, Colour Televisions, Microwave Ovens, refrigerators and Optical Disc Drives.This is India's first mobile phone manufacturing unit and also Asia's largest Optical Disc Drive manufacturing plant.