Particle.news
Download on the App Store
7 ARTICLES
·
2d ago

LG Electronics Begins Construction on $600 Million Home Appliance Plant in India

The Sri City facility will enhance local manufacturing, expand regional exports, and strengthen LG’s leadership in India's consumer durables market.

This image provided by LG Electronics Co. shows a rendered image of the company's envisioned new plant in Sri City, India. (PHOTO NOT FOR SALE) (Yonhap)
Officials of LG Electronics Inc. and local Indian governments pose for a photo during a groundbreaking ceremony to build a new home appliance factory in India's Sri City, an industrial hub in the eastern state of Andhra Pradesh, on May 8, 2025, in this photo provided by the company. (PHOTO NOT FOR SALE) (Yonhap)
Image

Overview

  • LG Electronics has officially started building its third home appliance factory in India, located in Sri City, Andhra Pradesh.
  • The $600 million facility will produce 800,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and 2 million compressors annually by 2029.
  • Production is set to begin with air conditioners by the end of 2026, with additional product lines introduced incrementally over the following years.
  • The plant is designed to serve as a manufacturing hub for India and export to nearby markets, including the Middle East and Bangladesh.
  • This investment aligns with LG’s Global South strategy and reflects the company’s commitment to leveraging India’s growth potential and solidifying its market leadership.