LG converting smartphone production lines to manufacture home appliances
LG Electronics is fast converting its overseas smartphone manufacturing lines
into facilities that produce home appliances, industry insiders said on
Tuesday, following its decision to withdraw from the mobile business.
LG said
the Brazilian government last month 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.
When the $62 million project is completed, LG Electronics will
have new production lines for laptops and monitors at the Manaus plant.
The South Korean tech giant said all of its Brazilian manufacturing will be
consolidated in Manaus down the road, reports Yonhap news agency.
Started in 1995, the Manaus plant was originally established to
manufacture TVs, microwave ovens and DVD players, with air conditioners added
in 2001. The Taubate plant has been in operation since 2005, producing mobile
phones, monitors and laptops.
The latest relocation follows LG's move in April to convert its
smartphone line at the Haiphong plant to make home appliances in
northern Vietnam.
LG earlier announced it will exit from the mobile business by July
31 after years of money-losing performances. Since then, it has been working to
relocate its mobile workforce and resources to its core home appliance
business.
Demand for LG's premium appliances has been soaring on the back of
the pandemic-induced stay-at-home trend.
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