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LG said Vietnam provides an "abundant labor force" and that 750 workers at its South Korean handset factory would be relocated to its home appliance plant. On 5 April 2021, LG announced its withdrawal from the phone manufacturing industry after continuous loss in the market. In 2020, LG faced a loss of 5 trillion won (US$4.4 billion). [20] [21 ...
Various Kenmore kitchen stoves and other appliances at a Sears Outlet store in 2020. Kenmore's upscale line of products is known as the Elite line. Kenmore also has a professional line of appliances called Kenmore Pro. As of January 2019, the Kenmore brand had over 50 products listed as top performers on the non-profit website Consumer Reports ...
Its headquarters are in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo District, Seoul. [3] LG makes electronics, chemicals, household appliances, and telecommunications products and operates subsidiaries such as LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, and LG Energy Solution in over 80 countries.
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By the mid-1990s, Mabe was one of the leading appliance manufacturers in the world with annual growth between 15 and 20%. In Mexico, Mabe all but dominated the market, while in Latin America, Mabe commanded a 70% market share in home appliances. The group also entered into several joint ventures and alliances with other regional manufacturers.
By 1950, the company was a large manufacturer of commercial refrigeration equipment. It entered the relatively new field of air conditioning in 1952 with its first window air conditioning units. The company is credited with several innovations, including introducing the first refrigerated display case for food retailers.