NewsFlash / Cobalt & Lithium / LG Electronics Breaks Ground on Third India Plant, $600M Investment Plan Unveiled
LG Electronics Breaks Ground on Third India Plant, $600M Investment Plan Unveiled
iconMay 9, 2025 15:35
Source:SMM
【LG Electronics Starts Construction of Third Manufacturing Plant in India, Plans to Invest Approximately $600 Million Over Next Four Years】LG Electronics India announced on May 8 that it has commenced construction of its third manufacturing plant in the country, despite postponing its listing plan in India, which was valued at over $1 billion. The plant, located in Andhra Pradesh, will produce a variety of products including refrigerators, washing machines, and air conditioners, and is expected to commence operations next year. The statement said that LG Electronics plans to invest approximately $600 million over the next four years to attract supporting enterprises to the region, thereby creating a white home appliance manufacturing ecosystem in Andhra Pradesh.

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