• Privacy Policy
  • Advertise
  • Contact Us
  • Login
Egy Economy
Advertisement
  • Egy Economy
  • Economy
    • Local
    • International
  • Stock Markets
    • Stock Exchange
    • Cash
  • Prices
  • Real Estate
  • Tech
  • Tourism
  • More
    • Opinions
    • Success Story
    • Variety
  • العربية
No Result
View All Result
  • Egy Economy
  • Economy
    • Local
    • International
  • Stock Markets
    • Stock Exchange
    • Cash
  • Prices
  • Real Estate
  • Tech
  • Tourism
  • More
    • Opinions
    • Success Story
    • Variety
  • العربية
No Result
View All Result
Egy Economy
No Result
View All Result
Home Uncategorized

LG announces initiating the manufacturing of its Air Conditioners for the first time in Egypt

إيجى إيكونومى by إيجى إيكونومى
31 July، 2024
in Uncategorized
0
LG announces initiating the manufacturing of its Air Conditioners for the first time in Egypt
154
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

LG, the leading company in air solutions, has announced the start of manufacturing home air conditioning devices locally for the first time in Egypt and with international standards, an announcement that comes in line with the Egyptian government’s direction to encourage local manufacturing of home appliances in Egypt.
The expansion of LG’s local production line comes within the framework of the company’s belief in the importance of the Egyptian market as one of the most promising markets in the region, and an affirmation of the company’s commitment to exert its efforts towards supporting local manufacturing and strengthening the Egyptian economy. With LG’s “New Hero” air conditioner being produced with 60 local components, leading to a price reduction that goes up to 15%.
The local manufacturing of LG home air conditioners aims to meet the needs of the local market with the production of 100,000 units of the “New Hero” air conditioners within 3 years, aiming to meet the growing demand in the Egyptian market, alongside with exploring the opportunity of exporting to some of the regional markets.
LG offers the Egyptian market its latest technological solutions manufactured locally through “New Hero” home air conditioners that come in elegant and modern designs, in addition to a number of cutting edge features, including the T3 Technology, which is responsible for providing stable operation of the air conditioner even at extreme temperature, The Blue Fin, which is a blue coating on the fin of heat exchanger that reduces corrosion and offers protection against environmental factors, increasing the life time of the unit. That’s in addition to the Auto Clean feature and Auto Restart Operation that works to resume the unit’s operation in the event of a power outage shortly after power is restored.

Moreover, the new local Air Conditioner form is backed by a Fast Cooling and Heating mood, special Baby Care feature and an Auto Swing that is responsible for distributing the comfort air evenly across the room, sleep mode, and a 24-hour on and off timer.

For his part, Mr. Billy Kim, General Manager of LG Egypt, said, “Our decision to expand local manufacturing and cooperate with Raya Electric Company as a manufacturing partner for home air conditioning devices for the first time in Egypt comes as confirmation of our complete confidence in the Egyptian market and its ability to provide locally made products.” With international quality standards, LG is also keen to be one of the pioneers in the field of investment to advance the Egyptian economy and to meet the needs of all its users by providing them with the latest technological solutions for more than thirty-four years.”

The end

Tags: egyeconomyLGTHE HEART OF LG’S

Related Posts

Egyptian Swiss Maintains 15% Share of Egypt’s Flour Exports and 10% of Pasta Exports
Uncategorized

Egyptian Swiss Maintains 15% Share of Egypt’s Flour Exports and 10% of Pasta Exports

22 August، 2026
SJS of Tivoli Dome brand, conducts inspection visit to OIA Towers at New Capital
Uncategorized

SJS of Tivoli Dome brand, conducts inspection visit to OIA Towers at New Capital

22 August، 2026
Amr Abol-Enein Named Among Forbes Middle East’s Top 50 Asset Managers for 2026
Uncategorized

Amr Abol-Enein Named Among Forbes Middle East’s Top 50 Asset Managers for 2026

12 July، 2026
SUD achieves strong success in unit selection event at Capital Heights 1
Uncategorized

SUD achieves strong success in unit selection event at Capital Heights 1

1 July، 2026
Hotel Nolinski reaches the Bay of Saint-Tropez  Its anticipated opening is in April 2027
Uncategorized

Hotel Nolinski reaches the Bay of Saint-Tropez Its anticipated opening is in April 2027

13 May، 2026
October 6 Technological University Honors Egyptian Swiss Group for Supporting Students
Uncategorized

October 6 Technological University Honors Egyptian Swiss Group for Supporting Students

11 May، 2026
ADVERTISEMENT
No Result
View All Result

Recent Posts

  • Tatweer Misr Secures a Land Plot through a Strategic Partnership in Mostakbal City
  • Expert calls for broader AI and technology integration to strengthen Arab-Brazil economic ties
  • SUD Capital Heights 1 in the Presence of ACUD Managing Director Ahmed Fahmy, Delivers 400 Units
  • Months After Its Soft Launch, Valu Officially Announces the First Milestone of Its Journey in Jordan Toward an Integrated, Flexible Digital Payment Ecosystem
  • Egyptian Swiss Group Negotiates With One of China’s Largest Bakery Companies to Export Flour
  • Marvel Green Developments positions itself as a value-driven developer in 6th of October, unveiling its growth vision for West Cairo 
  • Green Investment announces 1st year results for its platform “B almetr”.. and reveals its abroad expansion plans
  • PLDG Development obtains the ministerial approval for “Etlala” project to lead the urban development in New October 
  • Sinai Cement Signs Protocol with the Ministry of Education to Develop Specialized Cadres in the Cement Industry
  • Asl Holding acquires Alkayan, Zurich Developments to expand its Presence in Egyptian Market 
  • Standard Chartered Foundation launches 2026 ‘Women in Tech’ Accelerator in Egypt in collaboration with Village Capital and Entlaq  
  • El Zenouki Develops In-Store Product Displays with Dedicated Units and Stands to Strengthen Brand Presence
  • Sabry Developments Announces Sell-Out of the First Phase of “Waterside Villas” at Rosail City
  • Metropolitan Egypt Arranges EGP 150 Million Financing for United Contracting
  • ROI Development signs a strategic partnership with Idea Group to support its marketing and sales plans
  • Egyptian Swiss Maintains 15% Share of Egypt’s Flour Exports and 10% of Pasta Exports
  • SJS of Tivoli Dome brand, conducts inspection visit to OIA Towers at New Capital
  • MO Group” Bets on Kenya as a Hub for Expansion Across East and Central African Markets
  • Najm Developments launches MCS phase in VELN Project in New Cairo
  • Reno16 Series Now Officially Available in the Egyptian Market with Exclusive Limited-Time Offers

      Egy Economy

      © 2023 - إيجى إيكونومى.. بوابة إلكترونية متخصصة فى تغطية أخبار البيزنس والاقتصاد فى مصر والعالم العربى.

      روابط هامة

      • Egy Economy
      • Privacy Policy
      • Advertise
      • Contact Us

      تابعنا

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      No Result
      View All Result
      • Egy Economy
      • Economy
        • Local
        • International
      • Stock Markets
        • Stock Exchange
        • Cash
      • Prices
      • Real Estate
      • Tech
      • Tourism
      • More
        • Opinions
        • Success Story
        • Variety
      • العربية

      © 2023 - إيجى إيكونومى.. بوابة إلكترونية متخصصة فى تغطية أخبار البيزنس والاقتصاد فى مصر والعالم العربى.

      -
      00:00
      00:00

      Queue

      Update Required Flash plugin
      -
      00:00
      00:00