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Article: LG Electronics sees RP sales doubling to $ 90 M.(Business News)
- Article from:
- Manila Bulletin
- Article date:
- October 1, 2008
CopyrightCOPYRIGHT 2008 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LG Electronics Philippines (LGEPH) is confident of doubling its sales this year to $ 90 million making the country its fastest growing market in Asia but growth is expected to slowdown to 30 percent next year because of the economic slowdown.
LGEPH president and chief executive officer Jeff Hong told reporters after the contract signing with The Shangri-La Grand Tower Corp. for the supply of over 1,000 units of airconditioners for its residential condominium project called the St. Francis Shangri-La Place in Mandaluyong City.
"We've been doing very good and this year we are growing 100 percent to $ 90 million in terms of sales and 30 percent by 2009," ...