Business·Industry

“LG Magna’s Mexico Plant Accounts for Over 40% of Sales… Hungary to Begin Mass Production in 2027”—LGELECTRONICS Conference Call

JAEMIN SONG
2026-07-30 17:35:51
[Edaily Reporter JAEMIN SONG ] “The LG Corp. Magna plant in Mexico has entered a phase of stable production following a continuous ramp-up since it began operations in September 2023. It currently accounts for more than 40% of LG Magna’s total revenue and is making an increasingly significant contribution to improving business performance. The Hungary plant serves as a key hub to meet European automakers’ demands for value chain localization and is preparing to begin mass production in January 2027. The company also plans to secure new orders by leveraging its Eastern European production base to ensure high capacity utilization rates from the outset.”

…LGELECTRONICS Q2 2026 Conference Call

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