LG Electronics streamlines overseas auto parts plants to boost efficiency

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(The Korea Herald)

LG Electronics Inc. has revamped its overseas auto parts production bases, industry insiders said Monday, in a move to beef up its automotive solutions business for future growth.

LG recently completed closure of its plant in Kunshan, southeastern China, which had been producing vehicle infotainment components, such as audio, video and navigation (AVN), according to industry sources.

The move was part of the company’s plan to enhance manufacturing efficiency in its automotive business, according to the sources. LG Electronics’ overseas vehicle infotainment parts production will now be handled at its plant in Haiphong, Vietnam.

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