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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] LG Electronics is planning to add a new home appliance production line—including refrigerators—at its factory in Tennessee, in a move aimed at boosting local manufacturing capacity in response to tariff pressures from the Trump administration.
According to industry sources, LG Group is expected to invest more than $20 billion in the United States over the next four years, including this latest initiative by LG Electronics.
On Sunday, the Clarksville-Montgomery County Industrial Development Board (IDB) announced that LG’s expansion plan will be on the agenda for its April 22 (local time) meeting. The proposed project, titled “LG Electronics Tennessee Phase 2,” involves constructing a new 55,600-square-meter facility on the company’s existing 1.26 million-square-meter site, which currently houses a washer and dryer plant.
LG Electronics is reportedly considering converting the new building into a refrigerator production facility.
Company representatives are currently conducting on-site inspections in Clarksville to determine whether local conditions are suitable for refrigerator manufacturing. At present, LG produces refrigerators in Mexico and South Korea, which are then exported to the U.S. for sale.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
