LG to Consolidate Mexican Facilities
By Kim Yoo-chul
Staff Reporter
LG Electronics plans to invest $100 million in Mexico over the next three years, while reorganizing its manufacturing facilities, the company said.
All TV manufacturing lines will be moved to Reynosa, while the production of medium-sized flat-screen TVs will be outsourced.
LG currently operates three manufacturing facilities in Mexico ― Reynosa and Mexicali, where LCD television sets are produced, and Monterrey, where refrigerators and electric ovens are made.
The company said the consolidation will be completed by September, with 1,200 new production jobs to be created in Reynosa.
LG's Monterrey plant will also hire about 1,300 new workers, while all 500 Mexicali employees may move to either Reynosa or Monterrey.