LG spins off air conditioning as a separate division

Published:  06 April, 2009

LG Electronics
With the spin-off of the air-conditioning division of LG as an independent division comes a new logo.

LG Electronics has spun off its air-conditioning operation with the launch of LG Air Conditioning Company.

The company became number one worldwide in 2000 with sales of 4.1 million units, a position it has held ever since, with over 15 million units sold in 2008. One out of every five air conditioners sold is claimed to be made by LG.

LG is now broadening its focus from the consumer market to the business-to-business sector to reinforce its presence in the solutions market.

Hwan Yong Nho, CEO of LGAC, says, ‘Our solutions business will grow into a very profitable one in the future, and LG aims to grow its sales to more than US$4 million by 2010. This will be achieved by constantly developing capabilities and reaching out further in emerging markets.’

Through recent structural changes, the solutions business is now part of LG AC. The importance of solutions is growing in the B2B market since the number of intelligent buildings is on the rise. Solutions business units can solve the problems relations to energy-consumption control right from the construction phase of a building. LG will create total solutions that can completely control air conditioning, electricity, lighting, security and energy consumption.



comments powered by Disqus

Search

Welcome

Welcome to Modern Building Services Online, the web edition of Modern Building Services (MBS) journal and the UK's most popular Building Services engineering site. Modern Building Services covers the entire Building Services Engineering industry. This site contains archived content from the journal, plus web-specific content.

When you go to our digital edition, you can also access the archive of digital editions.
December 2018: DIGITAL EDITION

ARCHIVE OF DIGITAL EDITIONS

Modern Building services has a group
on Linkedin - join us!

Jobs

  • Senior Building Services Engineer

      Invitations are invited from experienced Building Services Engineers to assist in the development of a new division within an established professional practice. The projects will be predominantly with Defence-related and Government establishments but w......

  • Building Energy Management Systems (BEMS) Engineer

      Consistently rated amongst the world's best universities, Imperial College London is a science-based institution with a reputation for excellence in teaching and research. Imperial has one of the largest and most diverse university estate portfolios in......

  • Engineering Technical Assistant

      Consistently rated amongst the world's best universities, Imperial College London is a science-based institution with a reputation for excellence in teaching and research. Imperial has one of the largest and most diverse university estate portfolios in......

more jobs »

Poll

"Is the Building Services industry lagging behind in the implementation of BIM?"