LG completes US$150M Russian factory
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(InfoWorld) - LG Electronics Inc. officially opened a large-scale electronics and electrical equipment manufacturing complex near Moscow on Tuesday. The South Korean company invested US$150 million in the complex, which will turn out 500,000 digital TVs, 700,000 washing machines, 200,000 refrigerators and 260,000 home theater systems annually, according to LG's plans. Further plans call for production of each product to rise to 1 million units annually by 2008. The complex is located in Ruza, which is west of Moscow and near to the E30 highway that runs from Moscow through eastern Europe to Germany. LG, which claims a leading market share in Russia for several products including TVs, audio equipment, vacuum cleaners, microwave ovens, video components, DVDs and optical storage, is hoping the new complex will help it expand business in Russia and eastern Europe. The company also operates factories in Poland that produce digital TVs and refrigerators. In June, LG.Philips LCD Co. Ltd. began construction of a factory in Wroclaw, Poland. The plant will take LCD (liquid crystal display) panels produced at a factory in South Korea and add additional components, including backlights and driver chips, to produce a finished LCD module. The finished modules will then be ready to be combined with other components such as tuners, power supplies and cases to form finished televisions. The LCD module plant is scheduled to begin mass production in March next year. The modules will be used in flat-panel TVs for the European market. REFERENCES: LG.Philips breaks ground on LCD module plant in Poland, Jun. 15, 2006
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EXA Telecom, the retail telecommunications division of The Alghanim Sons Group, today announced the successful signing of a mobile phone distribution agreement with LG Electronics, Inc., a leading worldwide provider of advanced wireless handsets and accessories.
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Investor's Business Daily - They may once have looked like the Keystone Cossacks. But Russia's troika of top wireless operators -- Mobile Telesystems  , Vimpel Communications   and Megafon -- have delivered mobile phones to most of the country's 143 million citizens in a few years.
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The 150th anniversary of the Charge of the Light Brigade is being marked in the Crimea.
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LG Electronics Inc., South Korea's largest maker of consumer appliances and a major producer of cell phone handsets, said Thursday it swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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InfoWorld - LG Electronics has set an ambitious target of increasing cell phone shipments in the competitive European market by 60 percent this year, it said Monday.
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A subsidiary of South Korea's LG Group announced the launch of a fully-owned unit in India's high-tech capital Bangalore to offer software services for companies overseas.
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The 3G-ready LG-KS20 joins LG's Prada phone as the company's second iPhone-like design.
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Infineon Technologies AG today said it would build a new front-end production plant in Kulim High Tech Park, Malaysia, at a cost of $1 billion.
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RUSAL said the move was part of an effort to build a globally competitive Russian metals and mining company.
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The Russian company wins a legal skirmish.
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SEOUL (AFX) - LG Philips LCD Co Ltd, one of the world&#39;s leading manufacturers of thin-film-transistor liquid crystal displays (TFT-LCD), said its new sixth-generation TFT-LCD fabrication plant has started mass production of wide screens.
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Ericsson has been awarded an $805m contract by Guangdong Mobile Communication Corporation Limited (Guangdong Mobile, a whole-owned subsidiary of China Mobile HK Holdings, to expand its GSM network in Guangdong Province, China.
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the world leader in production of the ultra-thin glass used by companies such as LG Philips LCD (NYSE: LPL), Sony (NYSE: SNE), Hitachi (NYSE
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VERKHNYAYA SALDA, Russia -- The orange glow of molten titanium ingots illuminates the cavernous factory, one of several Soviet-era facilities that sprawl across 5,000 acres in this small city east of the Ural Mountains. The hot metal will soon be fashioned into dozens of parts destined for Boeing's...
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Arts & entertainment: Â· Russian billionaire pays over Â£25m for treasures Â· Usmanov coup follows major Arsenal investment
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MOSCOW  - Russia's little-known BaikalFinansGroup bought the core production unit of oil giant Yukos at auction for &#36;9.3 billion US on Sunday, gaining control of one of Russia's most prized oil assets.