Reuters logo
LG Electronics to invest $436 million on new solar capacity in South Korea
January 13, 2016 / 2:12 AM / in 2 years

LG Electronics to invest $436 million on new solar capacity in South Korea

SEOUL (Reuters) - LG Electronics Inc on Wednesday said it will invest 527 billion won ($435.67 million) on new solar panel production facilities in South Korea over the next three years, aiming to triple its capacity by 2020.

LG Electronics' company logo is seen at a shop in central Seoul, July 23, 2013. REUTERS/Lee Jae-Won

The South Korean firm said in a statement it would add six new solar panel production lines at Gumi, a city about 200 kms (124 miles) southeast of Seoul, by the first half of 2018. LG already has eight panel production lines in Gumi.

Reporting by Se Young Lee; Editing by Stephen Coates

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below