LG clinches cooling system contract in Saudi Arabia
LG Electronics turbo freezing system
By Lee Min-hyung
LG Electronics said Tuesday it has won a cooling system contract in Saudi Arabia, expanding its global presence as a business-to-business (B2B) freezing system manufacturer.
Under the deal, the electronics giant will provide its turbo freezers to the country’s government complex that is some 900,000 square meters in size. The company, however, did not disclose the exact terms of the contract.
The company will provide its LG Chiller, especially used for large spaces or for high-rise buildings such as factories or gymnasiums. Starting in June, the company said it will supply cold water and cooling systems for the country’s public offices and ancillary buildings.
LG Electronics partnered with Saudi Arabia’s Ministry of Finance to win the order, accelerating its bid to strengthen its footing in the region. Earlier, it started exporting its turbo freezers to the United Arab Emirates (UAE) in 2009. The company aims to reach double-digit growth in the global cooling system market this year.
“We have achieved the recent feat in recognition of our energy-efficient and eco-friendly cooling systems,” said Lee Jae-seong, senior vice president at LG Electronics’ air solutions business division, in a statement. The LG Chiller air conditioning system has reduced energy consumption by double-compressing refrigerants, thereby significantly increasing air conditioning efficiency, according to LG Electronics.
The turbo coolers have received certification from North American authorities including the Air-Conditioning, Heating and Refrigeration Institute and the Electrical Testing Laboratory, according to the company.