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[Alpha Biz=(Chicago) Reporter Paul Lee] LS Electric established an Indonesian corporation earlier this month and expanded its power and automation solution business in Southeast Asia.
According to related industries on the 26th, LS Electric newly established 'LS Electric Indonesia' earlier this month. The company will provide power and automation solutions mainly in Indonesia.
LS Electric has already established a production corporation in Vietnam and has been growing its market, so it plans to actively target the Southeast Asian market through additional corporations.
In fact, LS Electric Indonesia is known to provide automation facilities for its recently completed auto production line at Hyundai Motor's Indonesian plant.
In particular, the establishment of the corporation is also in line with LS Group's strategy to expand the Southeast Asian market.
E1 established a joint venture in Vietnam last year and is launching its first overseas liquefied petroleum gas (LPG) terminal business. E1 plans to expand its business in a stable manner by establishing a frozen tank terminal as demand for LPG for intake and petrochemicals is increasing significantly in Vietnam.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
