Urgent.News

What's breaking now, across thousands of outlets.

Business

LG Electronics' Tennessee plant tops 10 mil. units in cumulative production

LG Electronics’ Tennessee plant surpassed 10 million units in cumulative production, playing a pivotal role in helping the company secure the top spot in the U.S. laundry appliance market. The company said Sunday it held a ceremony to congratulate the production of the 10 millionth unit at the plant participated by local officials and LG Electronics executives. LG Electronics built its Tennessee…

LG Electronics' Tennessee plant tops 10 mil. units in cumulative production

LG Electronics' Tennessee manufacturing plant has achieved a significant milestone by reaching 10 million units in cumulative production, marking a pivotal moment in the company's expansion within the U.S. laundry appliance market. The achievement was celebrated with a ceremony attended by local officials and LG Electronics executives, underscoring the plant's importance to the company's strategic objectives.

Since its establishment in 2018 on a 1.25 million-square-meter site in Clarksville, Tennessee, the facility has undergone substantial growth, with investments totaling approximately $500 million to enhance facilities and manufacturing processes. The plant's production capacity now stands at 2.25 million units annually, showcasing a fourfold increase from its 2019 levels.

This expansion has solidified the plant's role as LG Electronics' primary local manufacturing and supply hub, with its products accounting for 17.2 percent and 17.4 percent of the U.S. washing machine and dryer markets, respectively.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at koreatimes.co.kr →

More in Business

More from Sunday 15 November →