S. Korean LG mulls plant investment in Turkey.

By bne IntelliNews June 25, 2012
Calvin Cho, president of South Korean LGs Turkish unit, said that LG, encouraged by the Turkish governments investment incentives programme, was planning to establish a production plant in Turkey. This would be a green field investment, Cho added, without providing details. LG contacted the Turkish government regarding its plans and a final decision on plant investment would be taken within three months, Cho said. LG is producing air conditioners together with local Arcelik at a plant in Gebze, near Istanbul.

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