LG Electronics, one of the world top air conditioner makers, has achieved a global sales volume 12 million units for the second year in a row and the No. 1 position for the sixth consecutive year.
Fuji-Keizai, a well know market research company in Japan, announced that in 2006 LG Electronics shipped about 12 million unites worldwide for three consecutive years and has achieved the No,1 position for seven consecutive years which is good for number one position again.
Furthermore, LG Electronics' sales revenue increased sharply with a two-digit growth rate over the last year.
LGE has made this outstanding achievement notwithstanding the pressure of high oil prices, increasing raw material prices, slow growth in Europe & china and tough several competitions from rapidly growing Chinese manufacturers and high-tech oriented Japanese manufacturers.
Mr. Simon Lee - General Manager of LG Electronics in KSA, said that LG air conditioners have achieved No.1 position worldwide again in 2006 "this is for the most part due to the great spirit of partnership that joins us with our agent in the kingdom H.G. Ibrahim Shaker Company Ltd." continued Mr. Lee, " and I would like to take this opportunity to thank them for there tremendous efforts especially in the field of providing excellent after sales service and ensuring the prompt availability of spare parts through a wide network of service centers that cover the whole kingdom.
Mr. Young Kim, AC Manager in KSA also attributes LG's local success to the efficient use of overseas production bases, region-specific marketing strategies, the development of class-leading core technologies, and ownership of core parts business, he added, : LG air conditioners score highly in Saudi Arabia market thanks to there simple installation, quit operation and low energy consumption, the brand survey of LG Air Conditioners reports to top of mind, 25% unaided, 71.4%, aided 95.1% in KSA, which is enough to retain No, 1 position, thanks for the great efforts of our partner HG Ibrahim Shaker Co. Ltd.
-Ends-
About LG Electronics:
LG Electronics, Inc. was established in 1958 as the pioneer in the Korean consumer electronics market. The company is a global force in electronics, information and communications products with 2004 annual sales of US $38 billion (consolidated). With more than 66,000 employees working in 76 subsidiaries in 39 countries around the world, LG Electronics is comprised of four main business companies including Mobile Communications, Digital Appliance, Digital Display, and Digital Media.
LG Electronics' goal is to enable the intelligent networking of digital products that will make consumers' lives better than ever.
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© Press Release 2007
